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Brief Exercise 11-7 Calculate operating activities-indirect method (LO11-2) Engineering Wonders reports net income of $52 million. Included in that number is building depreciation expense of
Brief Exercise 11-7 Calculate operating activities-indirect method (LO11-2) Engineering Wonders reports net income of $52 million. Included in that number is building depreciation expense of $4.2 million and a gain on the sale of land of $1.8 million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $1.2 million, $2.2 million, and $3.2 million, respectively. What are Engineering Wonders' net cash flows from operating activities? (List cash outflows and any decrease in cash as negative amounts. Enter your answer in millions. (i.e., $10,000,000 should be entered as 10).) ENGINEERING WONDERS Statement of Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities 0.0)
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