Question: ic) Computing Cash Flows from Operating Activities: Indirect Method During 2014, Ortega Corporation had net income of $88,000. Included on its income statement were depreciation
ic) Computing Cash Flows from Operating Activities: Indirect Method During 2014, Ortega Corporation had net income of $88,000. Included on its income statement were depreciation expense of $5,000 and amortization expense of $600. During the year, Accounts Receivable increased by $6,800, Inventories decreased by $3,800, Prepaid Expenses decreased by $400, Accounts Payable increased by $12,000, and Accrued Liabilties decreased by $900 Determine net cash fiows from operating activities using the indirect method
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