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Consider the Following Information Required:
Use the Indirect Method to Compute the Amount of

Question 184

Essay

Consider the following information:
 Amortization Expense $36,000 Increase in Accounts Receivable 42,000 Increase in Accounts Payable 96,000 Decrease in Accrued Liabilities 48,000 Decrease in Inventory 105,00 Decrease in Prepaid Expenses 15,000 Net income 1,500,00\begin{array}{|l|r|}\hline\text { Amortization Expense } & \$ 36,000 \\\hline \text { Increase in Accounts Receivable } & 42,000 \\\hline \text { Increase in Accounts Payable } & 96,000 \\\hline \text { Decrease in Accrued Liabilities } & 48,000 \\\hline \text { Decrease in Inventory } & 105,00 \\\hline \text { Decrease in Prepaid Expenses } & 15,000 \\\hline \text { Net income } & 1,500,00 \\\hline\end{array} Required:
Use the indirect method to compute the amount of net cash flows provided by (used in)operating activities.

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