Lawrence Engineering reports net income of $590,000. Depreciation expense is $44,000, accounts receivable increases $11,000, and accounts payable decreases $24,000. Calculate net cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities LAWRENCE ENGINEERING Statement of Cash Flows (Partial) Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities $ 0
Lawrence Engineering reports net income of $590,000. Depreciation expense is $44,000, accounts receivable increases $11,000, and accounts payable decreases $24,000. Calculate net cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities LAWRENCE ENGINEERING 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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Transcribed Image Text:Lawrence Engineering reports net income of $590,000. Depreciation expense is $44,000, accounts receivable increases $11,000, and
accounts payable decreases $24,000.
Calculate net cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated with a
minus sign.)
Cash flows from operating activities
LAWRENCE ENGINEERING
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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