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Bertucci Company had net income of $184,000 in 2011. Depreciation expense for the year is $45,000. During the year, Accounts Receivable increased $7,000 and Prepaid
Bertucci Company had net income of $184,000 in 2011. Depreciation expense for the year is $45,000. During the year, Accounts Receivable increased $7,000 and Prepaid Expenses decreased $1,000. The company also sold equipment at a loss of $2,000 Instructions Calculate net cash flows from operating activities using the indirect method.
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