Laser World reports net income of $650,000. Depreciation expense is $50,000, accounts receivable increases $11,000, and accounts payable decreases $30,000. Calculate net cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) **Laser World: Statement of Cash Flows (Partial)**1. **Cash Flows from Operating Activities** * (No specific entries listed in the image)2. **Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:** * (No specific adjustments listed in the image)3. **Net Cash Flows from Operating Activities:** * $0---**Explanation:**The table is a partial representation of the statement of cash flows for a company named Laser World, focusing on operating activities. This section typically details the cash generated or consumed by the core business operations. However, in this table, there are no specific cash flow entries or adjustments recorded, resulting in a net cash flow amount of $0 for operating activities.

The cash flow statement is prepared to record the cash flow from various activities during the…

Answered: Laser World reports net income of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Laser World reports net income of $650,000. Depreciation expense is $50,000, accounts receivable increases $11,000, and accounts payable decreases $30,000.

Calculate net cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

**Laser World: Statement of Cash Flows (Partial)**

1. **Cash Flows from Operating Activities**

* (No specific entries listed in the image)

2. **Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:**

* (No specific adjustments listed in the image)

3. **Net Cash Flows from Operating Activities:**

* $0

---

**Explanation:**

The table is a partial representation of the statement of cash flows for a company named Laser World, focusing on operating activities. This section typically details the cash generated or consumed by the core business operations. However, in this table, there are no specific cash flow entries or adjustments recorded, resulting in a net cash flow amount of $0 for operating activities.

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