Please do not give solution in image format thanku 2.From the following, calculate the net cash flow from operating activities using theindirect method:Accounts Receivable213 Merchandise InventoryPrepaid InsuranceAccounts PayableSalaries Payable2018$ 6202,5007501,000610For the year ended 2019:Net IncomeDepreciation Expense2019$ 8504,400290780840$2,450630

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Description: Please do not give solution in image format thanku 2.From the following, calculate the net cash flow from operating activities using theindirect method:Accounts Receivable213 Merchandise InventoryPrepaid InsuranceAccounts PayableSalaries Payable2018$

Statement of cash flow is prepared under three heads that is operating, investing and financing.…

Business

Accounting

indirect method: 2018 $ 620 2,500 750 1,000 610 For the year ended 2019: Net Income mint 600 Depreciation Expense Accounts Receivable Merchandise Inventory Prepaid Insurance Accounts Payable Salaries Payable 2019 $ 850 4,400 290 780 840 $2,450 630

indirect method: 2018 $ 620 2,500 750 1,000 610 For the year ended 2019: Net Income mint 600 Depreciation Expense Accounts Receivable Merchandise Inventory Prepaid Insurance Accounts Payable Salaries Payable 2019 $ 850 4,400 290 780 840 $2,450 630

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 40E

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