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