Alpha Computers Reports Net Income of $44 Million

question 100

Essay

Alpha Computers reports net income of $44 million.Included in that number are depreciation expense of $7 million and a loss on the sale of land of $2 million.Records reveal decreases in Accounts Receivable,Inventory,and Accounts Payable of $4 million,$3 million,and $2 million,respectively.Calculate Alpha Computers' net cash flows from operating activities using the indirect method.

---

Definitions:

Required to Join

This term seems vague without context and might not be a defined economic or general key term without additional information; thus, clarification is needed.

Thrift Institution

A financial organization that primarily accepts savings deposits and provides mortgage and loan services.

Commercial Bank

A financial institution that provides various services, including accepting deposits, lending money, and offering investment products to individuals and businesses.

Savings and Loan

A type of financial institution that specializes in accepting savings deposits and making mortgage and other loans.