Bertucci Company had net income of $184,000 in 2014. Depreciation expense for the year is $55,000. During the year, Accounts Receivable increased $7,000 and Prepaid Expenses decreased $1,000. The company also sold equipment at a loss of $2,000.
Instructions
Calculate net cash flows from operating activities using the indirect method.

Question

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The Answer of Bertucci Company had net income of $184,000 in 2014. Depreciation expense for the year is $55,000. During the year, Accounts Receivable increased $7,000 and Prepaid Expenses decreased $1,000. The company also sold equipment at a loss of $2,000.
Instructions
Calculate net cash flows from operating activities using the indirect method.

Bertucci Company Had Net Income of $184,000 in 2014