Assume net income was $230,000, depreciation expense was $6,400, accounts receivable decreased by $11,500, and accounts payable decreased by $3,100. The amount of net cash flows from operating activities is:   Multiple Choice   $223,600.   $244,800.

Using the indirect method, calculate the amount of cash flows from operating activities from the following data. Net income $150,000 Beginning accounts receivable 20,000 Ending accounts receivable 25,000 Beginning prepaid insurance 5,000 Ending prepaid insurance 2,000 Beginning accounts payable 15,000 Ending accounts payable 12,000 Depreciation expense 50,000 Amortization of intangible asset 6,000 Dividends declared and paid 11,000 Cash flows from operating activities $ %24

EB8. LO 16.3 Use the following information from Kentucky Company's financial statements to determine operating net cash flows (indirect method). $176,000 18,750 15,000 12,000 5,500 Net income Depreciation expense Gain on sale of plant assets Increase in accounts receivable Decrease in accounts payable

Graff, Incorporated, has sales of $41,680, costs of $13,560, depreciation expense of $2,910, and interest expense of $2,120. The tax rate is 24 percent. What is the operating cash flow, or OCF? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Operating cash flow $ 17,548

Micro Manufacturing reports net income of $866,000. Depreciation Expense is $74,000, Accounts Receivable increases $36,000 and Accounts Payable decreases $11,000. Calculate net cash flows from operating activities using the indirect method. (Negative value should be indicated by minus sign.) Net cash flows from operating activities

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A draft statement of cash flows contains the following:     £ i    Profit before tax   22 ii    Depreciation   8 iii   Increase in inventories   -4 iv  Decrease in receivables   -3 v  Increase in payables   -2       Net cash inflow from operating activities 21   Which Two of the following corrections needs to be made to the calculation?              a. ii and v   b. iv and iii   c. i and ii   d. iv and v

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A machine with a cost of $138,000 and accumulated depreciation of $93,000 is sold for $54,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is: Multiple Choice $54,000. $9,000. $45,000. Zero. This is a financing activity. Zero. This is an operating activity.