Calculate the net cash flow from operating activities

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Question - The following information relates to Angela Company 2013, in which the company reported a $132,000 net income.

Sales

$1,080,000

Cost of goods sold

632,000

Operating expenses and income taxes (other than depreciation and amortization)

176,000

Depreciation of plant assets

32,000

Amortization of intangible assets

16,000

Increase in accounts receivable

24,000

Decrease in inventory

22,000

Increase in accounts payable

12,000

Decrease in accrued liabilities

6,000

Increase in common stock

68,000

Required - Calculate the 2013 net cash flow from operating activities using the indirect method.

Reference no: EM131569100

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