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8 Chisholm Associates uses the indirect method to prepare the operating activities section of the statement of cash flows. The following accounts and balances
8 Chisholm Associates uses the indirect method to prepare the operating activities section of the statement of cash flows. The following accounts and balances were drawn from the company's accounting records: Accounts receivable 1:40:59 Prepaid insurance Accounts payable. Beginning Balance $ 31,500 Ending Balance $ 41,800 6,100 25,500 2,800 27,600 7,900 int Unearned revenue 5,600 Net income for the period was $58,000. What is the net cash flows from operating activities? Multiple Choice $55,400
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