Amount of net cash flows from operating activities
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28. Using the indirect method, calculate the amount of net cash flows from operating activities from the following data. Show your work.
Net Income $83,000 Beginning Accounts Payable $ 6,000
Beginning Accounts Ending Accounts Payable 5,600
Receivable 10,000 Depreciation Expense 20,400
Ending Accounts Receivable 8,800 Amortization of Intangible
Beginning Prepaid Expenses 2,000 Assets 1,600
Ending Prepaid Expenses 2,800 Dividends Declared and Paid 4,400
Ans: Net Income
+ Decrease in Accounts Receivable
- Increase in Prepaid Expenses
- Decrease in Accounts Payable
+ Depreciation
+ Amortization
Net Cash Flows from Operating Activities
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The response helps in estimating amount of net cash flows from operating activities.
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Net Income $83,000 Beginning Accounts Payable $ 6,000
Beginning Accounts Ending Accounts Payable 5,600
Receivable 10,000 Depreciation Expense ...
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