The adjusted trial balances for a firm, at December 31, 2011 and 2010 are as follows:
Additional information:
No plant assets were sold in 2011. The firm allocates depreciation expense to other operating expense accounts.
$\begin{array}{|l|r|r|}
\hline \text { Interest expense } & 4,300 & 2,600 \
\hline \text { Income tax expense } & \underline{20,400} & {61,200} \
\hline & \$ 756,700 & \$ 976,100 \
\hline
\end{array}$

Required:
Determine the firm's 2011 net cash flow from operating activities using the indirect method.

Question

The adjusted trial balances for a firm, at December 31, 2011 and 2010 are as follows:
Additional information:
No plant assets were sold in 2011. The firm allocates depreciation expense to other operating expense accounts. 
$\begin{array}{|l|r|r|}
\hline \text { Interest expense } & 4,300 & 2,600 \
\hline \text { Income tax expense } & \underline{20,400} & {61,200} \
\hline & \$ 756,700 & \$ 976,100 \
\hline
\end{array}$

Required:
Determine the firm's 2011 net cash flow from operating activities using the indirect method.

Quizplus · Accepted Answer

The Answer of The adjusted trial balances for a firm, at December 31, 2011 and 2010 are as follows:
Additional information:
No plant assets were sold in 2011. The firm allocates depreciation expense to other operating expense accounts. 
$\begin{array}{|l|r|r|}
\hline \text { Interest expense } & 4,300 & 2,600 \
\hline \text { Income tax expense } & \underline{20,400} & {61,200} \
\hline & \$ 756,700 & \$ 976,100 \
\hline
\end{array}$

Required:
Determine the firm's 2011 net cash flow from operating activities using the indirect method.

The Adjusted Trial Balances for a Firm, at December 31