A company had net income of $287,208. Depreciation expense was $20,306. During the year, accounts receivable and inventory increased by $15,568 and $33,238, respectively. Prepaid expenses and accounts payable decreased by $2,691 and $6,595, respectively. There was also a loss on the sale of equipment of $3,381. How much was the net cash flow from operating activities on the statement of cash flows using the indirect method?
A company had net income of $287,208. Depreciation expense was $20,306. During the year, accounts receivable and inventory increased by $15,568 and $33,238, respectively. Prepaid expenses and accounts payable decreased by $2,691 and $6,595, respectively. There was also a loss on the sale of equipment of $3,381. How much was the net cash flow from operating activities on the statement of cash flows using the indirect method?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 5RE: In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts...
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A company had net income of $287,208.
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