Question

Nash Company reported 2020 net income of $152,900. During 2020, accounts receivable increased by $17,160 and accounts payable increased by $9,582. Depreciation expense was $48,000. Prepare the cash flows from operating activities section of the statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) NASH COMPANY Cash Flow Statement choose the accounting period select an opening section name select an item $enter a dollar amount Adjustments to reconcile net income to select a subsection name select an item $enter a dollar amount select an item enter a dollar amount select an item enter a dollar amount enter a subtotal of the adjustments select a closing section name $enter a total amount for the section

Answer 1

Answer:

$112,478

Explanation:

Cash flows from operating activities  

Net income                                                      $152,900

Adjustments to reconcile net income

Depreciation expense                 $48,000

Increase in accounts payable     $9,582

Increase in accounts receivable $ (17,160)      $40,422  

Net cash provided by operating activities  $112,478