Laser World reports net income of $500,000. Depreciation expense is $35,000, accounts receivable increases $10,000, and accounts payable decreases $15,000. Calculate net cash flows from operating activities using the indirect method. (List cash outflows as negative amounts.) LASER WORLD Statement of Net Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities
Laser World reports net income of $500,000. Depreciation expense is $35,000, accounts receivable increases $10,000, and accounts payable decreases $15,000. Calculate net cash flows from operating activities using the indirect method. (List cash outflows as negative amounts.) LASER WORLD Statement of Net Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities
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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