2A4D FOR THE FISCAL YEAR JUST ENDED, DORAN ELECTRONICS HAD THE FOLLOW...
99.
CSO: 2A4d
LOS: 2A4d
For the fiscal year just ended, Doran Electronics had the following results.
Net income
$920,000
Depreciation expense
110,000
Increase in accounts payable
45,000
Increase in accounts receivable
73,000
Increase in deferred income tax liability
16,000
Doran’s net cash flow from operating activities is
a.
$928,000.
b.
$986,000.
c.
$1,018,000.
d.
$1,074,000.