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

question 29

Essay

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

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Definitions:

Improving Techniques

Improving techniques are methods or practices aimed at enhancing the efficiency, quality, or effectiveness of a process, system, or organization.

Process-Focused

An approach that prioritizes the optimization and efficiency of business processes in order to improve performance and quality.

Repetitive Manufacture

A production process in which identical products are continuously produced over a long period of time.

Crossover Point

The point at which two different strategies, options, or actions have equal costs or benefits, used in decision-making to determine the most viable option under specific conditions.