Lawrence Engineering reports net income of $590,000. Depreciation expense is $44,000, accounts receivable increases $11,000, and accounts payable decreases $24,000. Calculate net cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities LAWRENCE ENGINEERING Statement of Cash Flows (Partial) Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities $ 0
Lawrence Engineering reports net income of $590,000. Depreciation expense is $44,000, accounts receivable increases $11,000, and accounts payable decreases $24,000. Calculate net cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities LAWRENCE ENGINEERING Statement of Cash Flows (Partial) Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities $ 0
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![Lawrence Engineering reports net income of $590,000. Depreciation expense is $44,000, accounts receivable increases $11,000, and
accounts payable decreases $24,000.
Calculate net cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated with a
minus sign.)
Cash flows from operating activities
LAWRENCE ENGINEERING
Statement of Cash Flows (Partial)
Adjustments to reconcile net income to net cash flows from operating activities:
Net cash flows from operating activities
$
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbf06217e-616f-4519-a447-b09bae837861%2F664f7365-1410-4a7f-9282-84031c0a4846%2Fnt2lv6q_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Lawrence Engineering reports net income of $590,000. Depreciation expense is $44,000, accounts receivable increases $11,000, and
accounts payable decreases $24,000.
Calculate net cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated with a
minus sign.)
Cash flows from operating activities
LAWRENCE ENGINEERING
Statement of Cash Flows (Partial)
Adjustments to reconcile net income to net cash flows from operating activities:
Net cash flows from operating activities
$
0
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