Using the indirect method, calculate the amount of cash flows from operating activities from the following data: (Show decrease cash flow with either a-sign eg. -15,000 or in parenthesis eg. (15,000).) Net income $171,000 Beginning accounts receivable 23,400 Ending accounts receivable 26,700 Beginning prepaid insurance 6,100 Ending prepaid insurance 4,400 Beginning accounts payable 16,000 Ending accounts payable 12,100 Depreciation expense 74.000

Using the indirect method, calculate the amount of cash flows from operating activities from the following data: (Show decrease cash flow with either a-sign eg. -15,000 or in parenthesis eg. (15,000).) Net income $171,000 Beginning accounts receivable 23,400 Ending accounts receivable 26,700 Beginning prepaid insurance 6,100 Ending prepaid insurance 4,400 Beginning accounts payable 16,000 Ending accounts payable 12,100 Depreciation expense 74.000

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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