Solution-Compute the cash flows from operating activities

Compute the cash flows from operating activities

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Reference no: EM13535050

The operating expenses and taxes (including USD 80,000 of depreciation) of a company for a given year were USD 600,000. Net income was USD 350,000. Prepaid insurance decreased from USD 18,000 to USD 14,000 during the year, while wages payable increased from USD 22,000 to USD 36,000 during the year. Compute the cash flows from operating activities under the indirect method.

Reference no: EM13535050

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Evaluate the cash flows from operating activities : Compute the cash flows from operating activities under the indirect method.

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Compute the cash flows from operating activities

Reference no: EM13535050

Reference no: EM13535050

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