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During 2014,Wimbrow Images Reported $60,000 of Net Income and Generated

Question 122

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During 2014,Wimbrow Images reported $60,000 of net income and generated $80,000 of cash from operations.During the year,Wimbrow Images paid $15,000 to purchase a new delivery truck and also paid dividends in the amount of $30,000.Wimbrow Images borrowed $40,000 cash from the bank.At the beginning of the year,cash amounted to $50,000.
During 2014,Wimbrow Images reported $60,000 of net income and generated $80,000 of cash from operations.During the year,Wimbrow Images paid $15,000 to purchase a new delivery truck and also paid dividends in the amount of $30,000.Wimbrow Images borrowed $40,000 cash from the bank.At the beginning of the year,cash amounted to $50,000.

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