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?

Expert Solution

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 3 years ago

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