Question

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.



$1.99
Sales0
Views59
Comments0
  • CreatedSeptember 10, 2014
  • Files Included
Post your question
5000