Question
Laser World reports net income of $630,000. Depreciation expense is $48,000, accounts receivable increases $12,000, and accounts payable decreases $28,000. Calculate net cash flows
Laser World reports net income of $630,000. Depreciation expense is $48,000, accounts receivable increases $12,000, and accounts payable decreases $28,000. Calculate net cash flows from operating activities using the indirect method. (List cash outflows as negative amounts.) LASER WORLD Statement of Net 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
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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9780077506902, 78025540, 77506901, 978-0078025549
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