Assuming net income for the year is $250,000, what is the cash flows from operating activity given in the following information:
increase in salaries payable $17,500
depreciation expense $7,500
increase in prepaid rent $26,500
loss on sale of asset $1,150
increase in accounts payable $29,000
increase in inventory $76,000

 $202,650

Explanation:

Given that,

Net Income for the year = $250,000

Increase in Salaries Payable = $17,500

Depreciation Expense = $7,500

Increase in Prepaid Rent = $26,500

Loss on sale of asset = $1,150

Increase in Accounts Payable = $29,000

Increase in Inventory = $76,000

Cash flows from operating activity:

= Net Income + Salaries Payable + Depreciation Expense - Prepaid Rent + Loss on sale of asset + Accounts Payable - Inventory

= $250,000 + $17,500 +  $7,500 - $26,500 + $1,150 + $29,000 - $76,000

= $202,650

answer; i do believe that the correct answer is (d) referrals from

the answers are

a, b, c, & e.