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Laser World reports net income of $650,000. Depreciation expense is $50,000, accounts receivable increases $11,000, and accounts payable decreases $30,000.   Calculate net cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

Laser World reports net income of $650,000. Depreciation expense is $50,000, accounts receivable increases $11,000, and accounts payable decreases $30,000.   Calculate net cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 29BE
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Laser World reports net income of $650,000. Depreciation expense is $50,000, accounts receivable increases $11,000, and accounts payable decreases $30,000.
 

Calculate net cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

Cash flows from operating activities LASER WORLD Statement of Cash Flows (Partial) Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities 0
Transcribed Image Text:Cash flows from operating activities LASER WORLD Statement of Cash Flows (Partial) Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities 0
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