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16 April, 08:50

Flynn Company reported a net income of $21,000 for the year ended December 31, 20XX. During the year, accounts receivable decreased $5,000, merchandise inventory increased $11,000, accounts payable increased by $10,000, and depreciation expense of $7,000 was recorded. During 20XX, using the indirect method, cash flows from operating activities are

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  1. 16 April, 08:55
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    Net Cash inflow of $32,000 from operating activites.

    Explanation:

    Flynn Company

    Cash flow statement

    For the year ended December 31, 20XX

    Cash Flow from operating activities

    Net Income $21,000

    Dpereciation $7,000

    Inventory ($11,000)

    Account Receivable $5,000

    Account Payable $10,000

    Net Cash flow $32,000

    So, Net Cash inflow of $32,000 from operating activites.
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Home » Business » Flynn Company reported a net income of $21,000 for the year ended December 31, 20XX. During the year, accounts receivable decreased $5,000, merchandise inventory increased $11,000, accounts payable increased by $10,000, and depreciation expense of
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