Reference no: EM132791935
Question - 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 receivable 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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Calculate the amount of cash flows from operating activities
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