Solution-How much was the net cash flows from operating

How much was the net cash flows from operating activities

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Question - A company had net income of $231,827. Depreciation expense was $20,740. During the year, accounts receivable and merchandise inventory increased by $15,650 and $31,891, respectively. Prepaid expenses and accounts payable decreased by $1,027 and $6,052, respectively. There was also a loss on the sale of equipment of $3,649. How much was the net cash flows from operating activities on the statement of cash flows using the indirect method?

Reference no: EM133074971

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How much was the net cash flows from operating activities

Reference no: EM133074971

Reference no: EM133074971

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