Long Company's net income last year was $43,000 and cash dividends declared and paid to the company stockholders was $28,000.Changes in selected balance sheet accounts for the year appear below:
Based solely on this information, the net cash flows from operating activities under the indirect method on the statement of cash flows would be

Question

Long Company's net income last year was $43,000 and cash dividends declared and paid to the company stockholders was $28,000.Changes in selected balance sheet accounts for the year appear below: 
Based solely on this information, the net cash flows from operating activities under the indirect method on the statement of cash flows would be

Quizplus · Accepted Answer

$43,000 + $6,000 - $2,000 + $19,000 + $18,000 - $5,000 + $4,000 = $83,000

Long Company's Net Income Last Year Was $43,000 and Cash