Question - The following information relates to Angela Company 2013, in which the company reported a $132,000 net income.
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Sales
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$1,080,000
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Cost of goods sold
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632,000
|
|
Operating expenses and income taxes (other than depreciation and amortization)
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176,000
|
|
Depreciation of plant assets
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32,000
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Amortization of intangible assets
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16,000
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Increase in accounts receivable
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24,000
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Decrease in inventory
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22,000
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Increase in accounts payable
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12,000
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Decrease in accrued liabilities
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6,000
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Increase in common stock
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68,000
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Required - Calculate the 2013 net cash flow from operating activities using the indirect method.