Question: reported on the income statement for the current year was 5258,213. Depreciation recorded on foxed assets and amortization of patents for the year were $39,833
reported on the income statement for the current year was 5258,213. Depreciation recorded on foxed assets and amortization of patents for the year were $39,833 and $11,389, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows End Beginning Cash $38,622 $67,815 Accounts Receivable 120,509 109,908 Inventories 103,670 92,224 Prepaid Expenses 4,721 8,557 Accounts Payable (merchandise creditors) 53,147 76,112 What is the amount of the net cash flows from operating activities reported on the statement of cash flows prepared by the Indirect method? b. 5261,759 c. 535,893 d. 27.***
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