Question
If a company had net income of $5000 and the depreciation expense was $1000. How much would the cash flows from operations be if there
If a company had net income of $5000 and the depreciation expense was $1000. How much would the cash flows from operations be if there were no unrealized gains or losses on the sale/disposal of fixed assets and there were no changes in the balances of the current assets and current liabilities?
In developing the statement of Cash Flows using the the Indirect method, how to you deal with the changes in Current Liabilities?
| Current Liability Increases | Do nothing/Subtrac/tAdd |
| Current Liability Decreases | Do nothing/Subtract/Add |
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Financial accounting
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
9th edition
978-0132751216, 132751127, 132751216, 978-0132751124
