amount of cash flows from operating activities from the following data. Net income Initial accounts receivable Finalize accounts receivable Start of prepaid insurance End prepaid insurance Initial accounts payable Final accounts payable Depreciation expense Amortization of intangible assets Dividends declared and paid $199,000 22,000 29,000 5,000 2,000 15,000 14,000 50,000 6,000 11,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Using the indirect method, calculate the
amount of cash flows from operating
activities from the following data.
Net income
Initial accounts
receivable
Finalize accounts
receivable
Start of prepaid
insurance
End prepaid insurance
Initial accounts payable
Final accounts payable
Depreciation expense
Amortization of
intangible assets
Dividends declared
and paid
$199,000
22,000
29,000
5,000
2,000
15,000
14,000
50,000
6,000
11,000
Cash flows from operating activities?
Transcribed Image Text:Using the indirect method, calculate the amount of cash flows from operating activities from the following data. Net income Initial accounts receivable Finalize accounts receivable Start of prepaid insurance End prepaid insurance Initial accounts payable Final accounts payable Depreciation expense Amortization of intangible assets Dividends declared and paid $199,000 22,000 29,000 5,000 2,000 15,000 14,000 50,000 6,000 11,000 Cash flows from operating activities?
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