Question: During 2011 Minh Corporation had a net income of 144 000
During 2011, Minh Corporation had a net income of $144,000. Included on its income statement were depreciation expense of $16,000 and amortization expense of $1,800. During the year, accounts receivable decreased by $8,200, inventories increased by $5,400, prepaid expenses decreased by $1,000, accounts payable decreased by $14,000, and accrued liabilities decreased by $1,700. Use the indirect method to determine net cash flows from operating activities.
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