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Exercise 11-39 (Algorithmic) Reporting Net Cash Flow from Operating Activities The following information is available for Cornelius Inc.: Selected Income Statement Information Net income $40,170 Depreciation expense 10,600 Amount Beginning Balance Ending Balance $21,200 $27,950 Selected Balance Sheet Information Accounts receivable Inventory Accounts payable 45,800 40,125 23,700 32,600 Required: Prepare the net cash flows from operating activities using the indirect method. Use a minus sign to indicate any decreases in cash or cash flows. cash Required: Prepare the net cash flows from operating activities using the indirect method. Use a minus sign to indicate any decreases in cash flows. Cornelius Inc. Net Cash Flows from Operating Activities Using Indirect Method Cash flows from operating activities: a Adjustments to reconcile net income to net cash flow from operating activities: 2010 Net cash provided by operating activities Previns Next