Computing cash flows from operating activities—indirect method [10 min]
OMD Equipment, Inc., reported the following data for 2012:
Income statement | |
Net income ..................... | $ 44,000 |
Depreciation .................... | 8,000 |
Balance sheet | |
Increase in Accounts receivable ...... | 7,000 |
Decrease in Accounts payable ....... | 4,000 |
Requirement
1. Compute OMD’s net cash provided by operating activities—indirect method.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.