Baringa Computers reports net income of $ 4 4 million. Included in that number is depreciation expense

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Question:

Baringa Computers reports net income of $

44

million. Included in that number is depreciation expense of $

7

million, and a loss on the sale of land of $

2

million. Records reveal decreases in Accounts Receivable, Inventory, and Accounts Payable of $

5

million, $

3

million, and $

2

million, respectively.

Required:

Calculate Baringa Computers' net cash flows from operating activities using the indirect method.

Note: Negative value should be indicated by a minus sign. Enter your answer in millions.

Related Book For answer-question

Financial Accounting

ISBN: 9780078110825

2nd Edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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Posted Date: May 07, 2024 08:08 AM

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Baringa Computers reports net income of $ 4 4 million. Included in that number is depreciation expense

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Financial Accounting

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