A Halifax fiRm Generates Net Income of $530

Multiple Choice

A Halifax firm generates net income of $530. The depreciation expense is $60 and dividends paid are $80. Accounts payable decrease by $40, accounts receivable decrease by $30, inventory Increases by $20, and net fixed assets decrease by $40. What is the net cash from operating
Activity?

A) $480
B) $530
C) $560
D) $580
E) $600