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Determine net cash flows from operating activities

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Question - Computing Cash Flows from Operating Activities - Indirect Method

During 2014, Alvin Corporation had net income of $41,000. Included on its income statement were depreciation expense of $2,300 and amortization expense of $300. During the year, Accounts Receivable increased by $3,400, Inventories decreased by $9,100, Prepaid Expenses decreased by $200 Accounts Payable increased by $5,000 , and Accrued Liabilities decreased by $450. Determine net cash flows from operating activities using the indirect method.

Reference no: EM132187656

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