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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

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
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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