Demers Inc reported the following data Net income Demers Inc. reported the following data: Net income………………………………………..$490,000 Depreciation expense………………………………..52,000 Gain on disposal of equipment………………………26,500 Decrease in accounts receivable…………………….32,400 Decrease in accounts payable………………………12,350 Prepare the Cash flows from operating activities section of the statement of cash flows, using the indirect method. Demers Inc reported the following data Net income

Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.9BE
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Demers Inc reported the following data Net income


Demers Inc. reported the following data:

Net income………………………………………..$490,000

Depreciation expense………………………………..52,000

Gain on disposal of equipment………………………26,500

Decrease in accounts receivable…………………….32,400

Decrease in accounts payable………………………12,350

Prepare the Cash flows from operating activities section of the statement of cash flows, using the indirect method.

Demers Inc reported the following data Net income

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