9. Lending money and its principal value collection are A. Noncash investing and

Question

9. Lending money and its principal value collection are A. Noncash investing and financing activities B. Operating activities C. Financing activities D. Investing activities 20. The following data are available for Aabish Corp Net income Depreciation expense Dividends paid to Aabish shareholders Loss on the sale of land. Decrease in accounts receivable.. Decrease in accounts payable. .$200,000 60,000 90,000 15,000 30,000 45,000 Operating activities provided a net cash of A $160,000 B. $240,000 C. $140,000 D, S260.,000 that the responsibility of transferring the correct answer to the f ts upon you

Explanation / Answer

ans)

19) option (C)

20) Option (D)

Operating Cash flows

Net income = 200,000

Add: Depreciation expense = 60,000

Loss on sale of Land = 15,000

Decrease in accounts receivable = 30,000

Decrease in accounts Payable = (45,000)

Net cash flow from operating activities 260,000

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