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What is the net cash flows from operating activities

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Chisholm Associates uses the indirect method to prepare the operating activities section of the statement of cash flows. The following accounts and balances were drawn from the company's accounting records:

                                        Beg. Bal.                    End. Bal.

Accounts receivable       $31,000                   $41,200

Prepaid insurance             5,600                         2,200

Accounts payable             25,000                           27,000

Unearned revenue             7,400                               5,000

Question 1: Net income for the period was $52,000. What is the net cash flows from operating activities

Reference no: EM132495687

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