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

question 30

Essay

Using the indirect method,calculate the amount of net cash flows from operating activities from the following data.Show your work.
$\begin{array}{lrlr}\text { Net Income } & \$ 63,000 & \text { Beginning Accounts Payable } & \$ 3,000 \\\text { Beginning Accounts } & & \text { Ending Accounts Payable } & 2,800 \\\text { Receivable } & 5,000 & \text { Depreciation Expense } & 10,200 \\\text { Ending Accounts Receivable } & 4.400 & \text { Amortization of Intangible } &\\\text { Beginning Prepaid Expenses} & 1,000&\text { Assets}&800\\\text { Ending Prepaid Expenses } & 1,400 & \text { Dividends Declared and Paid }&2,200\end{array}$

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Definitions:

Hydraulic Theory

A theory that suggests the control and management of water resources played a crucial role in the development of early civilizations.

Occupation Site

A location where evidence of past human activity is found, indicating the presence of work, living, or ceremonial spaces.

Hydraulic Theory

A theory suggesting that the development of states in ancient civilizations was closely related to the control of irrigated farming over arid lands.

Action Theory

The theory that self-serving actions by forceful leaders play a role in civilization's emergence.