Using the Indirect Method,calculate the Amount of Net Cash Flows

question 42

Essay

Using the indirect method,calculate the amount of net cash flows from operating activities from the following data.Show your work.
$\begin{array}{lrlr}\text { Net Income } & \$ 63,000 & \text { Beginning Accounts Payable } & \$ 3,000 \\\text { Beginning Accounts } & & \text { Ending Accounts Payable } & 2,800 \\\text { Receivable } & 5,000 & \text { Depreciation Expense } & 10,200 \\\text { Ending Accounts Receivable } & 4,400 & \text { Amortization of Intangible } & \\\text { Beginning Prepaid Expenses } & 1,000 & \text { Assets } \\\text { Ending Prepaid Expenses } & 1,400 & \text { Dividends Declared and Paid } & 2,200\end{array}$

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Definitions:

Economic Plan

A strategic outline designed to achieve certain financial and economic goals within a specific timeframe.

National Capital

The city or municipality that serves as the seat of government of a country, state, or region, often housing the central administrative, legislative, and judicial offices.

Ratification

The official way to confirm something, usually by vote, formal consent, or official approval, particularly in the context of treaties, constitutions, and agreements.