Benson Electronics reports net income of $640,000. Depreciation expense is $49,000, accounts receivable increases $10,000, and accounts payable decreases $29,000. Calculate net cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities BENSON ELECTRONICS Statement of Cash Flows (Partial) Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities
Benson Electronics reports net income of $640,000. Depreciation expense is $49,000, accounts receivable increases $10,000, and accounts payable decreases $29,000. Calculate net cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities BENSON ELECTRONICS Statement of Cash Flows (Partial) Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject: acounting
Transcribed Image Text:Benson Electronics reports net income of $640,000. Depreciation expense is $49,000, accounts receivable increases $10,000, and
accounts payable decreases $29,000.
Calculate net cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated with a
minus sign.)
Cash flows from operating activities
BENSON ELECTRONICS
Statement of Cash Flows (Partial)
Adjustments to reconcile net income to net cash flows from operating activities:
Net cash flows from operating activities
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