During 2014, Alvin Corporation had net income of $41,000. Included on its income statement were depreciation expense of $2,300 and amortization expense of $300. During the year, 

Accounts Receivable increased by $3,400, 

Inventories decreased by $1,900, 

Prepaid Expenses decreased by $200, 

Accounts Payable increased by $5,000, 

Accrued Liabilities decreased by $450. 

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

Answer rating: 100% (QA)

Corporation Cash Flow Statement for the year 2014 Alvin Ahoint Pasticulars cash ... View the full answer