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20 November, 20:03

Dorman Company reported the following dа ta: Net income $225,000 Depreciation expense 25,000 Gain on disposal of equipment 20,500 Decrease in accounts receivable 14,000 Decrease in accounts payable 3,600 Prepare the Cash flows from operating activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Dorman Company Statement of Cash Flows Cash flows from operating activities: $ Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities $

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  1. 21 November, 00:01
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    Net Cash Flow from operating activities $239,900

    Explanation:

    Dorman Company

    Statement of Cash Flows

    Cash flows from operating activities: $

    Net Income 225,000

    Adjustments to reconcile net income to net cash flow from operating activities:

    Depreciation 25,000

    Gain on disposal of equipment - 20,500

    Changes in current operating assets and liabilities:

    Decrease in accounts receivable 14,000

    Decrease in accounts payable - 3,600

    Net cash flow from operating activities $239,900
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