W.C. Cycling had $55,000 in cash at year-end 2007 and $25,000 in cash

QUESTION

W.C. Cycling had $55,000 in cash at year-end 2007 and $25,000 in cash at year end 2008. Cash flow from long-term investing activities totaled -$250,000, and cash flow from financing totaled +$170,000If accruals increased by$25,000, receivables and inventories increased by $100,000, and depreciation
If we assume cash flow from operating activities was 50,000 as we derived in the other question we have the following: Net Income ????? Add: Depreciation 10,000 Add: Liabilities increase 25,000 Less:Asset

Increase (100,000) Cash Flow from operating activities 50,000 So Net Income must be 115,000 because 115,000 10,000 25,000-100,000= 50,000

ANSWER:

CLICK REQUEST FOR  AN EXPERT SOLUTION