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amount of cash flows from operating activities from the following data. Net income Initial accounts receivable Finalize accounts receivable Start of prepaid insurance End prepaid insurance Initial accounts payable Final accounts payable Depreciation expense Amortization of intangible assets Dividends declared and paid $199,000 22,000 29,000 5,000 2,000 15,000 14,000 50,000 6,000 11,000

amount of cash flows from operating activities from the following data. Net income Initial accounts receivable Finalize accounts receivable Start of prepaid insurance End prepaid insurance Initial accounts payable Final accounts payable Depreciation expense Amortization of intangible assets Dividends declared and paid $199,000 22,000 29,000 5,000 2,000 15,000 14,000 50,000 6,000 11,000

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 13MCQ
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Using the indirect method, calculate the amount of cash flows from operating activities from the following data. Net income Initial accounts receivable Finalize accounts receivable Start of prepaid insurance End prepaid insurance Initial accounts payable Final accounts payable Depreciation expense Amortization of intangible assets Dividends declared and paid $199,000 22,000 29,000 5,000 2,000 15,000 14,000 50,000 6,000 11,000 Cash flows from operating activities?
Transcribed Image Text:Using the indirect method, calculate the amount of cash flows from operating activities from the following data. Net income Initial accounts receivable Finalize accounts receivable Start of prepaid insurance End prepaid insurance Initial accounts payable Final accounts payable Depreciation expense Amortization of intangible assets Dividends declared and paid $199,000 22,000 29,000 5,000 2,000 15,000 14,000 50,000 6,000 11,000 Cash flows from operating activities?
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