Use the following information from Birch Company’s balance sheets to determine net cash flows from operating activities using the indirect method, assuming net income for 2018 of $186,691. December 31, 2019 December 31, 2018 Accounts Receivable $11,622 $17,857 Prepaid Insurance 2,129 1,599 Accounts Payable 7,329 1,357 Accrued Liabilities 7,379 8,224

Use the following information from Birch Company’s balance sheets to determine net cash flows from operating activities using the indirect method, assuming net income for 2018 of $186,691. December 31, 2019 December 31, 2018 Accounts Receivable $11,622 $17,857 Prepaid Insurance 2,129 1,599 Accounts Payable 7,329 1,357 Accrued Liabilities 7,379 8,224

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 6EA: Use the following information from Birch Companys balance sheets to determine net cash flows from...

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