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(Solution document) 3 Vesey Chemicals Corp. (VCC) reported depreciation expense of $400,000 and net income of $1,600,000 on its most recent income statement.


3


Vesey Chemicals Corp. (VCC) reported depreciation expense of $400,000 and net income of $1,600,000 on its most recent income statement. Changes in the balance sheet items from the previous year included: accounts receivable increased $80,000; inventory increased $80,000; and accounts payable increased by $60,000. Based on the above information, what was the Cash Flow from Operating Activities on the firm's Statement of Cash Flows?

Select one:

a. $1,100,000

b. $1,900,000

c. $2,100,000

d. $2,220,000

 







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