单选题
Calculate the change in cash from the following items:
Decrease in inventory $ 10 million
Net income $ 60
million
Repayment of long-term debt $ 20 million
Increase in accounts receivable $15 million
Purchase of
new machinery $ 75 million
Depreciation expense $15
million
Sale of common stock $ 40 million
Dividend expense $10 million
①A. + $ 30 million.
②B. $ 30 million.
③C. + $ 5 million.
【正确答案】
C
【答案解析】Net income Source $ 60 million
Depreciation expense Source 15 million
Decrease in inventory Source 10 million
Increase in accounts receivable Use 15 million
Cash from Operations $ 70 million
Purchase of new machinery Use $ 75 million
Cash from Investing $ 75 million
Repayment of long-term debt Use $ 20 million
Sale of common stock Source 40 million
Dividend expense Use 10 million
Cash from Financing $10 million
Change in Cash $ 5 million