Using the indirect method, calculate the amount of cash flows from operating activities from the following data:     Net Income $199,000         Beginning Accounts receivable   22,000         ending accounts recievable 29,000         Beginning Prepaid insurance 5,000         Ending prepaid insurance 2,000         Beginning Accounts payable 15,000         Ending Accounts payable  14,000         Depreciation expense 50,000         Amortization  of intangible asset 6,000         dividends declared and paid

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
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Using the indirect method, calculate the amount of cash flows from operating activities from the following data:

    Net Income $199,000    

 

 

Beginning Accounts receivable

 

22,000    

 

 

ending accounts recievable

29,000    
    Beginning Prepaid insurance 5,000    
    Ending prepaid insurance 2,000    
    Beginning Accounts payable 15,000    
    Ending Accounts payable  14,000    
    Depreciation expense 50,000    
    Amortization  of intangible asset 6,000    
    dividends declared and paid 11,000    
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