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Berful Corporation reports net income for 2016 as $52,000. Included on its income statement were Depreciation Expense of $4,600, and Amortization Expense of $600. During
- Berful Corporation reports net income for 2016 as $52,000. Included on its income statement were Depreciation Expense of $4,600, and Amortization Expense of $600. During the year Accounts Receivable increased by $6,800, Inventories decreased by $3,800, Prepaid Expenses decreased by $400, Accounts Payable increased by $10,000, and Other Accrued Liabilities decreased by $900. The firm added $40,000 in new equipment, and borrowed $50,000 on a long-term note. Calculate Net Cash Flow from Operating Activities under US GAAP, using the indirect method, and record your answer on the following line. $______
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