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 blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!