Using the Indirect Method, Calculate the Amount of Net Cash

question 185

Essay

Using the indirect method, calculate the amount of net cash flows from operating activities from the following data:
$\begin{array}{lrr}&2014&2013\\\text { Net Income } & \$ 250,000 & \\\text { Accounts receivable } & 22,000 & 25,000 \\\text { Prepaid expenses } & 3,000 & 5,000 \\\text { Accounts payable } & 14,000 & 15,000 \\\text { Depreciation expense } & 51,000 & \\\text { Amortization expense (Patent) } & 4,000 & \\\text { Dividends declared and paid } & 11,000 &\end{array}$

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Definitions:

Patriarchy

A social system in which males hold primary power, predominating in roles of political leadership, moral authority, and control over property.

Economic Production

The process of creating goods and services through the combination of labor, materials, and capital to generate value.

Sexual Difference Theories

Theories that explore the significance of gender and sexual differences in social, psychological, and cultural contexts.

Gender Differences

Gender differences refer to distinctions in characteristics, roles, behaviors, and psychological phenomena between males and females, often shaped by cultural and social influences.