NO.PZ2024011002000038
问题如下：
Using the following information, what is the firm's cash flow from operations?
选项：
A.$158 B.$170 C.$174解释：
Net income — profits from sale of land + depreciation + decrease in receivables — increase in inventories + increase in accounts payable — decrease in wages payable + increase in deferred tax liabilities = 120 — 2 + 25 + 20 — 10 + 7 — 5 + 15 = $170. Note that the profit on the sale of land should be subtracted from net income to avoid double counting the gain in net income and investing activities.wages payable不应该要加回来吗，deferred tax liabilities这是那一项呢，为什么要加回来
