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.

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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