In 2015, Orton Company had net income of $464,000, including $78,000 in depreciation expense.In addition, the company

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In 2015, Orton Company had net income of $464,000, including $78,000 in depreciation expense. In addition, the company experienced the following changes in the account balances listed below:

Increase Decrease
Accounts payable $45,000

Accounts receivable $12,000

Inventory 36,000

Accumulated liabilities 24,000

Prepaid insurance 33,000

Calculate the net cash flow from operating activities using the indirect method

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Jul 14, 2023 06:51 AM

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In 2015, Orton Company had net income of $464,000, including $78,000 in depreciation expense.In addition, the company

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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