Question
Assume net income was $210,000, depreciation expense was $6,600, accounts receivable decreased by $11,000, and accounts payable decreased by $2,900. The amount of net cash
Assume net income was $210,000, depreciation expense was $6,600, accounts receivable decreased by $11,000, and accounts payable decreased by $2,900. The amount of net cash flows from operating activities is ___________.
(Please show calculations)
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Financial Accounting
Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby
4th Canadian Edition
0070001499, 9780070001497
