Kizspy | Question: 43
(Choose 1 answer)
Use the following information to answer the questions below:
Thunderbird Amusement Park-Balance Sheet as of June 30
Assets
Cash
2021 2022
$ 13.221$ 11.729
Accounts receivables 31,323 37,909
Inventory
77,244 91,617
Total current assets$121,788$141,255
Fixed assets444,712563,323
Less: Accumulated depreciation(100,000) (172,487)
Net fixed assets344,712390,836
Total assets$466,500$532,091
Liabilities and Stockholders' Equity
Accounts payable$ 38,549$ 42,881
Notes payable12,00416,753
Deferred taxes 21,934 16,788
Total current liabilities$ 72,487$ 76,422
Long-term debt78,44561,290
Common stock125,000175,000
Retained earnings 190,568 219,379
Total liabilities and stockholders' equity$466,500$532,091
The company had a net income of $248,462, and depreciation expenses were equal to $72,487.
What is the firm's net cash flow from operating activities?
A. $304,322
B. $299,176
C. $1250
se are correct
Thunderbird Amusement Park-Balance Sheet as of June 30
Assets
2021
2022
Cash
$ 13,221
$ 11,729
Accounts receivables
31,323
37,909
Inventory
77,244
91,617
Total current assets
$121.788
$141,255
Fixed assets
444,712
563,323
Less: Accumulated depreciation
(100,000)
(172,487)
Net fixed assets
344.712
390,836
Total assets
$466,500
$532,091
FUOV
Liabilities and Stockholders' Equity
Accounts payable
$ 38,549
$ 42,881
Notes payable
12,004
16,753
Deferred taxes
21,934
16,788
Total current liabilities
$ 72,487
$ 76,422
Long-term debt
78,445
61,290
Common stock
125,000
175,000
Retained earnings
190,568
219,379
Total liabilities and stockholders' equity
$466,500
$532,091
The company had a net income of $248,462, and depreciation expenses
were equal to $72,487.
What is the firm's net cash flow from operating activities?
