Business, 15.05.2021 04:10 tiearahill2393
Use the following information to perform the calculations below (using the indirect method).
Net income $650,000 Beginning accounts payable $121,000
Depreciation expense 96,000 Ending accounts payable 159,000
Beginning accounts receivable 423,200 Purchase of long-term assets 610,000
Ending accounts receivable 446,000 Issuance of long-term debt 263,000
Beginning inventory 520,000 Issuance of stock for cash 188,000
Ending inventory 577,000 Issuance of stock for long-term assets 113,000
Beginning prepaid insurance 41,600 Purchase of treasury stock 67,500
Ending prepaid insurance 50,000 Sale of long-term investment at cost 57,500
Required:
a. Calculate the amount of cash flows from operating activities.
b. Calculate the amount of cash flows from investing activities.
Answers: 2
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Use the following information to perform the calculations below (using the indirect method).
Net in...
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