Laser World reports net income of $500,000. Depreciation expense is $35,000, accounts receivable increases $10,000, and accounts payable decreases $15,000. Calculate net cash flows from operating activities using the indirect method. (List cash outflows as negative amounts.) LASER WORLD Statement of Net Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities

Laser World reports net income of $500,000. Depreciation expense is $35,000, accounts receivable increases $10,000, and accounts payable decreases $15,000. Calculate net cash flows from operating activities using the indirect method. (List cash outflows as negative amounts.) LASER WORLD Statement of Net Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities

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

Problem 40E

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