Author Question: Refer to the Savoy Corporation Income Statement Accounts. What is the cash flow for the Savoy ... (Read 51 times)

Collmarie

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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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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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