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15. Using the indirect method, calculate the amount of net cash flows from operating activities from the following data. Show your work Net Income $166,000
15. Using the indirect method, calculate the amount of net cash flows from operating activities from the following data. Show your work | |||||||||||
Net Income | $166,000 | Beginning Accounts Payable | $12,000 | ||||||||
Beginning Accounts | Ending Accounts Payable | 11,200 | |||||||||
Receivable | 20,000 | Depreciation Expense | 40,800 | ||||||||
Ending Accounts Receivable | 17,600 | Amortization of Intangible | |||||||||
Beginning Prepaid Expenses | 4,000 | Assets | 3,200 | ||||||||
Ending Prepaid Expenses | 5,600 | Dividends Declared and Paid | 8,800 |
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