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Lorabel Corporation uses the indirect method to prepare its statement of cash flows. Data related to cash activities for last year are as follows EEB
Lorabel Corporation uses the indirect method to prepare its statement of cash flows. Data related to cash activities for last year are as follows EEB (Click the icon to view the data.) Answer the following guestions 1. Calculate the net cash flow from operating activities for the year. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero Use parentheses or a minus sign for numbers to be subtracted or net cash outflo Data Table Operating Activities 92,000 50,600 16,000 21,600 61,200 S 277,000 5,300 S 400,000 Net income Dividends paid (cash) Depreciation expense Net decrease in current assets Issued new long-term notes payable for cash Paid cash for building Net decrease in current liabilities Sold long-term investment for cash Net cash provided by (used for) operating activities PrintDone
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