can you please help with this question and provide detailed calculation process, thank you! Burch Company reported the following items in its statement of financial position and statement ofearnings information: decrease in cash account, $14,000; increase in accounts receivable, $4,000;decrease in inventory, $10,000; decrease in accounts payable, $5,000; decrease in income taxespayable, $6,000; net income, $49,000; depreciation expense, $9,000.Required:Compute the net cash flows from operating activities using the indirect method.

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Description: can you please help with this question and provide detailed calculation process, thank you! Burch Company reported the following items in its statement of financial position and statement ofearnings information: decrease in cash account, $14,000; inc

Cash flows from operating activities: It is a section of the Statement of cash flow that explains…

Answered: Burch Company reported the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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can you please help with this question and provide detailed calculation process, thank you!

Burch Company reported the following items in its statement of financial position and statement of
earnings information: decrease in cash account, $14,000; increase in accounts receivable, $4,000;
decrease in inventory, $10,000; decrease in accounts payable, $5,000; decrease in income taxes
payable, $6,000; net income, $49,000; depreciation expense, $9,000.
Required:
Compute the net cash flows from operating activities using the indirect method.

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Burch Company reported the following items in its statement of financial position and statement of earnings information: decrease in cash account, $6,000; increase in accounts receivable, $10,000; increase in inventory, $15,000; decrease in accounts payable, $15,000; increase in income taxes payable, $9,000; net income, $52,000; depreciation expense, $19,000.

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Compute the net cash flows from operating activities using the indirect method.
$fill in the blank 1

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