Use the following information from 8irch Company's balance sheets: Dec. 31, 2018 Dec. 31, 2017 Accounts Receivable $13,100 $15,600 Prepaid Insurance 4,300 3,400 Accounts Payable 9,200 8,300 Accured Liabilities 3,000 3,700 Determine net cash flows from operating activities (indirect method), assuming net income for 2018 of $126,000.
Use the following information from 8irch Company's balance sheets: Dec. 31, 2018 Dec. 31, 2017 Accounts Receivable $13,100 $15,600 Prepaid Insurance 4,300 3,400 Accounts Payable 9,200 8,300 Accured Liabilities 3,000 3,700 Determine net cash flows from operating activities (indirect method), assuming net income for 2018 of $126,000.
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 6EA: Use the following information from Birch Companys balance sheets to determine net cash flows from...
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Use the following information from Birch Company's balance sheets:
Dec. 31, 2018
Dec. 31, 2017
Accounts Receivable
$13,100
$15,600
Prepaid Insurance
4,300
3,400
Accounts Payable
9,200
8,300
Accured Liabilities
3,000
3,700
Determine net cash flows from operating activities (indirect method), assuming net income for 2018 of $126,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F20847b3b-5b1e-4795-8875-4aa25ff34076%2F482561ab-aa7b-420e-a0c4-791bfbff0078%2Fpmz6i1m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:E Print Item
Use the following information from Birch Company's balance sheets:
Dec. 31, 2018
Dec. 31, 2017
Accounts Receivable
$13,100
$15,600
Prepaid Insurance
4,300
3,400
Accounts Payable
9,200
8,300
Accured Liabilities
3,000
3,700
Determine net cash flows from operating activities (indirect method), assuming net income for 2018 of $126,000.
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