Save & Exit Chisholm Associates uses the indirect method to prepare the operating activities section of...

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Save & Exit Chisholm Associates uses the indirect method to prepare the operating activities section of the statement of cash flows. The following accounts and balances were drawn from the company's accounting records: Accounts receivable Prepaid insurance Accounts payable Beginning Balance $ 30,600 Ending Balance $ 40,750 5,200 1,750 24,600 7,000 Unearned revenue 26,550 4,550 Net income for the period was $47,500. What is the net cash flows from operating activities? Multiple Choice $40,300 Prev 2 of 10 Next > Save & Exit Chisholm Associates uses the indirect method to prepare the operating activities section of the statement of cash flows. The following accounts and balances were drawn from the company's accounting records: Accounts receivable Prepaid insurance Accounts payable Beginning Balance $ 30,600 Ending Balance $ 40,750 5,200 1,750 24,600 7,000 Unearned revenue 26,550 4,550 Net income for the period was $47,500. What is the net cash flows from operating activities? Multiple Choice $40,300 Prev 2 of 10 Next >