Dorman Company reported the following data: Net income $225,000 Depreciation expense 25,000 Gain on disposal of equipment 20,500 Decrease in accounts receivable 14,000 Decrease in account payable 3,600 Prepare the Cash Flows from Operating Activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.
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Answer from: girlwholikesanime
$239,900
Explanation:
Cash Flows from Operating Activities section
Particulars Amount
Net income $225,000
AddDepreciation expenses $25,000
Less Gain on disposal of equipment $20,500
Add Decrease in accounts receivables $14,000
Less Decrease in accounts payable $3,600
Net cash flow from operating activities $239,900
Answer from: Quest
answer; i believe the correct answer is energy star;
Answer from: Quest
Nucleus
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Dorman Company reported the following data: Net income $225,000 Depreciation expense 25,000 Gain on...
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