Question: 15. Using the indirect method, calculate the amount of net cash flows from operating activities from the following data. Show your work Net Income $166,000
| 15. Using the indirect method, calculate the amount of net cash flows from operating activities from the following data. Show your work | |||||||||||
| Net Income | $166,000 | Beginning Accounts Payable | $12,000 | ||||||||
| Beginning Accounts | Ending Accounts Payable | 11,200 | |||||||||
| Receivable | 20,000 | Depreciation Expense | 40,800 | ||||||||
| Ending Accounts Receivable | 17,600 | Amortization of Intangible | |||||||||
| Beginning Prepaid Expenses | 4,000 | Assets | 3,200 | ||||||||
| Ending Prepaid Expenses | 5,600 | Dividends Declared and Paid | 8,800 | ||||||||
I need help with this question, can you please explain how you got this answer
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
