Burch Company reported the following items in its statement of financial position and statement of earnings information: 

decrease in cash account, $9,000; 

increase in accounts receivable, $4,000;

decrease in inventory, $7,000; 

decrease in accounts payable,$5,000; 

decrease in income taxes payable, $1,000; 

net income,$36,000; 

depreciation expense, $5,000. 

Required: 

Compute the net cash flows from operating activities using the indirect method.

Answer rating: 100% (QA)

Net cash flows from operating activities 1 Net income 2 Add D... View the full answer