Boost Plus Inc. reported the following data for 2020: Income Statement Net income .................................................... $63,000 Amortization expense

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Boost Plus Inc. reported the following data for 2020:

Income Statement
Net income .................................................... $63,000
Amortization expense .................................... 10,000

Balance sheet
Increase in Accounts receivable ...................... 7,000
Decrease in Accounts payable ........................ 5,000


Compute Boost Plus Inc.’s net cash inflow (outflow) from operating activities using the indirect method.

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Horngrens Accounting

ISBN: 9780135359785

11th Canadian Edition Volume 2

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann Johnston, Peter R. Norwood

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