Using the indirect method,calculate the amount of net cash flows from operating activities from the following data.Show your work.
$\begin{array}{lrlr}
\text { Net Income } & \$ 63,000 & \text { Beginning Accounts Payable } & \$ 3,000 \
\text { Beginning Accounts } & & \text { Ending Accounts Payable } & 2,800 \
\text { Receivable } & 5,000 & \text { Depreciation Expense } & 10,200 \
\text { Ending Accounts Receivable } & 4.400 & \text { Amortization of Intangible } &\
\text { Beginning Prepaid Expenses} & 1,000&\text { Assets}&800\
\text { Ending Prepaid Expenses } & 1,400 & \text { Dividends Declared and Paid }&2,200
\end{array}$

Question

Using the indirect method,calculate the amount of net cash flows from operating activities from the following data.Show your work.
 $\begin{array}{lrlr}
\text { Net Income } & \$ 63,000 & \text { Beginning Accounts Payable } & \$ 3,000 \
\text { Beginning Accounts } & & \text { Ending Accounts Payable } & 2,800 \
\text { Receivable } & 5,000 & \text { Depreciation Expense } & 10,200 \
\text { Ending Accounts Receivable } & 4.400 & \text { Amortization of Intangible } &\
\text { Beginning Prepaid Expenses} & 1,000&\text { Assets}&800\
\text { Ending Prepaid Expenses } & 1,400 & \text { Dividends Declared and Paid }&2,200
\end{array}$

Quizplus · Accepted Answer

The Answer of Using the indirect method,calculate the amount of net cash flows from operating activities from the following data.Show your work.
 $\begin{array}{lrlr}
\text { Net Income } & \$ 63,000 & \text { Beginning Accounts Payable } & \$ 3,000 \
\text { Beginning Accounts } & & \text { Ending Accounts Payable } & 2,800 \
\text { Receivable } & 5,000 & \text { Depreciation Expense } & 10,200 \
\text { Ending Accounts Receivable } & 4.400 & \text { Amortization of Intangible } &\
\text { Beginning Prepaid Expenses} & 1,000&\text { Assets}&800\
\text { Ending Prepaid Expenses } & 1,400 & \text { Dividends Declared and Paid }&2,200
\end{array}$

Using the Indirect Method,calculate the Amount of Net Cash Flows