Ames Company reported 2025 net income of $151,000. During 2025, accounts receivable increased by $13,000 and accounts

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Ames Company reported 2025 net income of $151,000. During 2025, accounts receivable increased by $13,000 and accounts payable increased by $9,500. Depreciation expense was $44,000. Prepare the cash flows from operating activities section of the statement of cash flows.

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Intermediate Accounting

ISBN: 9781119790976

18th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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