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Rachel's Recordings reported net income of $260,000. Beginning balances in Accounts Receivable and Accounts Payable...

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Accounting

Rachel's Recordings reported net income of $260,000. Beginning balances in Accounts Receivable and Accounts Payable were $18,000 and $22,000 respectively. Ending balances in these accounts were $13,500 and $27,000, respectively. Assuming that all relevant information has been presented, Rachel's net cash flows from operating activities would be:

Multiple Choice

  • $260,000.

  • $264,500.

  • $250,500.

  • $269,500.

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