Laser World reports net income of $630,000. Depreciation expense is $48,000, accounts receivable increases $12,000, and...
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Laser World reports net income of $630,000. Depreciation expense is $48,000, accounts receivable increases $12,000, and accounts payable decreases $28,000. Calculate net cash flows from operating activities using the indirect method. (List cash outflows as negative amounts.) LASER WORLD Statement of Net Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities Laser World reports net income of $630,000. Depreciation expense is $48,000, accounts receivable increases $12,000, and accounts payable decreases $28,000. Calculate net cash flows from operating activities using the indirect method. (List cash outflows as negative amounts.) LASER WORLD Statement of Net Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities
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Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date:
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