Question: During 2011 Lambda Corporation had net income of 82 000 Included
During 2011, Lambda Corporation had net income of $82,000. Included on its income statement were depreciation expense of $4,600 and amortization expense of $600. During the year, accounts receivable increased by $6,800, inventories decreased by $3,800, prepaid expenses decreased by $400, accounts payable increased by $10,000, and accrued liabilities decreased by $900. Determine net cash flows from operating activities using the indirect method.
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