Laser World reports net income of $650,000. Depreciation expense is $50,000, accounts receivable increases $11,000, and accounts payable decreases $30,000. Calculate net cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
Laser World reports net income of $650,000. Depreciation expense is $50,000, accounts receivable increases $11,000, and accounts payable decreases $30,000. Calculate net cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Laser World reports net income of $650,000.
Calculate net
![Cash flows from operating activities
LASER WORLD
Statement of Cash Flows (Partial)
Adjustments to reconcile net income to net cash flows from operating activities:
Net cash flows from operating activities
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F93816d9a-aef6-4e50-aa02-73b064719033%2Fa0a294fe-23f8-4127-973d-051a8207257a%2Fwnr5b3u_processed.png&w=3840&q=75)
Transcribed Image Text:Cash flows from operating activities
LASER WORLD
Statement of Cash Flows (Partial)
Adjustments to reconcile net income to net cash flows from operating activities:
Net cash flows from operating activities
0
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