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Question(s) / Instruction(s):

Using the indirect method, calculate the amount of net cash flows from operating activities from the following data. Show your work, i.e. label the numbers and indicate whether the amounts are added or subtracted.

Net Income        $112,000                              Beginning Accounts Payable      $ 6,000

Beginning Accounts                                        Ending Accounts Payable             5,600

Receivable         10,000                   Depreciation Expense   20,400

Ending Accounts Receivable       8,800                     Amortization of Intangible         

Beginning Prepaid Expenses      2,000                     Assets   1,600

Ending Prepaid Expenses             2,800                     Dividends Declared and Paid     4,400




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