Answer:
net flow from operating activity is = $3503000
Explanation:
given data
net income = $3.3 million
Depreciation = $161,700
accounts receivable = $322,100
accounts payable = $280,800
to find our
net cash provided by operating activities using the indirect approach
solution
cash flow statement as per indirect method is as
particular amount
net income $3300000
adjustment to reconcile net income to
net cash provide operation activity $203000
net flow from operating activity $3503000
adjustment to reconcile net income = depreciate expense + accounts receivable - account payable
= $161700 + $32100 - $280800
= $203000
and
net flow from operating activity is = net income + adjustment to reconcile net income to net cash provide operation activity
net flow from operating activity is = $3300000 + $203000
net flow from operating activity is = $3503000
