Bird Brain Co. reported net income of $46,500 for the year ended December 31, 2021. January 1 balances in accounts receivable and accounts payable were $23,000 and $24,500 respectively. Year-end balances in these accounts were $21,000 and $29,800, respectively. Assuming that all relevant information has been presented, Bird Brain's cash flows from operating activities would be: Multiple Choice $46,500. $39,200. $53,800. $49,800.

$53,800

Explanation:

Cash flow from operating activities = Net income + ( Beginning accounts receivable - Ending accounts receivable) + ( Ending accounts payable - Beginning accounts payable)

= $46,500 + ($23,000 - $21,000) + ($29,800 - $24,500)

= $46,500 + $2,000 + $5,300

= $53,800

Therefore, Bird's brain cash flow from operating activities is $53,800

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#plato4lyfe

since the options are not listed, when you are working on your budget you should also add water, tv, internet, miscellaneous and your 'fun' money for in your budget. when budgeting, you need to allow for fun money, and mis/accidental money so that you stick to the budget and not go crazy because you feel strapped to the budget.