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

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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