单选题
The following information is extracted from a financial statement: Net income $1000 Decrease m accounts receivable 120 Increase In inventory 40 Increase in accounts payable 20 Decrease in wages payable 10 Increase in deferred taxes 40 Depreciation 100 Profit from the sale of fixed assets 10 Dividends paid out 80 Cash flow from operations is:
【正确答案】
A
【答案解析】Net income 1000
Adjustment for non-cash and non-operating items
Depreciation 100
Deferred taxes (increase) 40
Profit from sale of equipment (10)
Adjustment for working capital items:
Accounts receivable (decrease) (120)
Inventory (increase) (40)
Accounts payable (increase) (20)
Wages payable (decrease) {{U}}(10){{/U}}
Cash flow from operations {{U}}940{{/U}}