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Alik [6]
4 years ago
15

Ettygrove Inc. reported the following data:

Business
1 answer:
dsp734 years ago
7 0

Answer:

$431,280

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $405,000

Adjustment made:

Add : Depreciation expense $45,000

Less: Gain  on disposal of equipment -$36,900

Add: Decrease in accounts receivable $25,200

Less: Decrease in accounts payable -$6,480

Total of Adjustments $26,820

Net Cash flow from Operating activities                  $431,280

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