单选题 Determine the cash flow from operations given the following table.

Item	Amount
Cash payment of dividends	$30
Sale of equipment	$10
Net income	$25
Purchase of land	$15
Increase in accounts payable	{{U}}$20{{/U}}
Sale of preferred stock	$25
Increase in deferred taxes	$5
Profit on sale of equipment	{{U}}$15{{/U}}

【正确答案】 A

【答案解析】CFO = 25 (NI) + 20 (AP) + 5 ( Def Tax) 15 ( Equip Profit) = $ 35

Item		Amount
Cash payment of dividends	CFF	-$30
Sale of equipment	CFI	+$10
Net income	CFO	+$25
Purchase of land	CFI	-$15
Increase in accounts payable	CFO	+$20
Sale of preferred stock	CFF	+$25
Increase in deferred taxes	CFO	+$5
Profit on sale of equipment	CFO	-$15