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Author Question: Refer to the Savoy Corporation Income Statement Accounts. What is the cash flow for the Savoy ... (Read 81 times)

Collmarie

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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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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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