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Statement of Cash Flows Cloe's Costumes, Inc


Statement of Cash Flows Cloe's Costumes, Inc. has net cash flows from operating activities for the last year of $244 million. The income statement shows that net income is $150 million and depreciation expense is $85 million. During the year, the change in inventory on the balance sheet was a decrease of $14 million, change in accrued wages and taxes was a decrease of $15 million and change in accounts payable was a decrease of $10 million. At the beginning of the year the balance of accounts receivable was $45 million. What was the end of year balance for accounts receivable?


$20 million


$25 million


$45 million


$65 million

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