Atlantic Inc. had the following noncash current asset and current liabilities balances at the end of 2010 and 2011: Net income for 2011 was $940,000 and depreciation expense was $25,000. All sales and all purchases are on account. Atlantic uses the indirect method for preparing the statement of cash flows.
Net cash flows from operating activities for 2011 would be:

Question

Atlantic Inc. had the following noncash current asset and current liabilities balances at the end of 2010 and 2011:  Net income for 2011 was $940,000 and depreciation expense was $25,000. All sales and all purchases are on account. Atlantic uses the indirect method for preparing the statement of cash flows.
Net cash flows from operating activities for 2011 would be:

Quizplus · Accepted Answer

The Answer of Atlantic Inc. had the following noncash current asset and current liabilities balances at the end of 2010 and 2011:  Net income for 2011 was $940,000 and depreciation expense was $25,000. All sales and all purchases are on account. Atlantic uses the indirect method for preparing the statement of cash flows.
Net cash flows from operating activities for 2011 would be: