Question: For the most recent year. Virtual Gaming Systems had net income of $580,000. The accounting records show depreciation expense of $43,000. Increase of accounts receivable
For the most recent year. Virtual Gaming Systems had net income of $580,000. The accounting records show depreciation expense of $43,000. Increase of accounts receivable $10,000, and decrease of accounts payable $23,000. Using the indirect method, compute net cash flows from operating activities (List cash outflows ond ony decrease in cash as negative amounts.) Virtual Gaming Systems Statement of Cash Flows (Partial) Cash flows from operating activities Adpustments to reconcile not income to not cash flows from operating activities Not cash flows from operating activities 0
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