Ames Ltd reported 2019 net income of HK$151,000 During 2019, accounts receivable increased by HK$13,000 and accounts payable increased by HK$9,500 Depreciation expense was HK$44,000 Prepare the cash flows from operating activities section of the statement of cash flows (amounts in thousands) ...

Cash flows from operating activities Net income HK151000 Adjust ...

Ames Ltd. reported 2019 net income of HK$151,000. During 2019, accounts receivable increased by HK$13,000 and accounts

Question:

Ames Ltd. reported 2019 net income of HK$151,000. During 2019, increased by HK$13,000 and increased by HK$9,500. Depreciation expense was HK$44,000. Prepare the cash flows from operating activities section of the statement of cash flows (amounts in thousands).
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...