Question

Express Corporation had a net income of $66,000 during 2011. During the year, the company had depreciation expense of $28,000. Accounts receivable increased by $22,000, and accounts payable increased by $10,000. Those were the company’s only current assets and current liabilities. Use the indirect method to determine net cash flows from operating activities.



$1.99
Sales0
Views67
Comments0
  • CreatedSeptember 10, 2014
  • Files Included
Post your question
5000