Problem:
Consider the following information:
|
Net Income
|
64
|
Purchases of equipment
|
33
|
|
Accounts receivable increase
|
8
|
Dividends paid
|
20
|
|
Depreciation expense
|
24
|
Income tax payable increase
|
2
|
|
Long term debt increase
|
30
|
Accounts payable decrease
|
6
|
|
Inventories increase
|
18
|
|
|
Calculate Cash flow from operating activities using the indirect method.
Additional Information:
This question is basically belongs to the Finance as well as it discusses about calculating cash flow from operating activities using indirect method.