Question

From the following, calculate the net cash flows from operating activities (use the direct method):
Sales .................. $ 9,900
Cost of Goods Sold ............ 4,520
Salaries Expense .............. 1,400
Insurance Expense ............ 960
Other Expenses (all cash) ......... 1,300
Changes in current assets and liabilities:
Accounts Receivable increased by $600.
Inventory increased by $500.
Accounts Payable increased by $120.
Salaries Payable decreased by $200.
Prepaid Insurance decreased by $160.



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  • CreatedApril 24, 2014
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