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Author Question: Refer to the Savoy Corporation Income Statement Accounts. What is the cash flow for the Savoy ... (Read 52 times)

Collmarie

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  • Posts: 569
on: Jul 10, 2018
Refer to the Savoy Corporation Income Statement Accounts. What is the cash flow for the Savoy Corporation for 2014?
 
  A) 193,000
  B) 261,900
  C) 135,100
  D) 272,000

Question 2

Refer to the Savoy Corporation Income Statement Accounts. What is the net income for the Savoy Corporation for 2014?
 
  A) 135,900
  B) 272,000
  C) 261,100
  D) 345,000


voltaire123

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  • Posts: 301
Reply #1 on: Jul 10, 2018
Answer to Question 1

Answer: B
Explanation: B) Cash Flow = Net Income + Depreciation = 135,900 + 126,000 = 261,900.

Answer to Question 2

Answer: A
Explanation: A) 836,000 - 345,000 - 93,000 - 126,000 -79,000 - 57,100 = 135,900.


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