A company had net income of $226,932. Depreciation expense was $25,699. During the year, accounts receivable...

A company had net income of $226,932. Depreciation expense was $25,699. During the year, accounts receivable and inventory increased by $15,649 and $27,550, respectively. Prepaid expenses and accounts payable decreased by $3,313 and $6,060, respectively. There was also a loss on the sale of equipment of $6,825. How much was the net cash flow from operating activities on the statement of cash flows using the indirect method?

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Cash Flow Statement (partial)


A. Cash Flows from Operating Activity
Net Income		$ 226,932.00
Adjustments to reconcile net income to net cash flows from operating activities
Depreciation expense	$ 25,699.00
Loss on sale of Equipment	$ 6,825.00
Increase in Accounts receivables	$ (15,649.00)
Decrease in Accounts payables	$ (6,060.00)
Increase in Inventory	$ (27,550.00)
Decrease in prepaid Expenses	$ 3,313.00
		$ (13,422.00)
Net cash flow from Operating activities		$ 213,510.00

Net cash flow from operating activities on the statement of cash flows using the indirect method =$213,510

ekkarill92 answered 1 year ago

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