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2 years ago

The following information is available from the current period financial statements:

Business

1 answer:

Galina-37 [17]2 years ago

8 0

Answer:

$166,000

Explanation:

The net cash flow from operating activities using the indirect method is computed below:

Cash flow from Operating activities - Indirect method

Net income $175,000

Adjustment made:

Add : Depreciation expense $28,000

Less: Increase in accounts receivable -$16,000

Less: Decrease in accounts payable -$21,000

Total of Adjustments -$9,000

Net Cash flow from Operating activities $166,000

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alex41 [277]

Answer:

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Sonbull [250]

Answer:

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