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A company had net income of $262,298. Depreciation expense was $29,125. During the year, accounts receivable and inventory increased by $17,247 and $27,969, respectively. Prepaid expenses and accounts payable decreased by $1,632 and $7,397, respectively. There was also a loss on the sale of equipment of $5,293. How much was the net cash flow from operating activities on the statement of cash flows using the indirect method?

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Answer:

$260,529

Explanation: Amount in $

Net Income 262,298

Depreciation 29,125

A/R-Increase (17,247)

Inventory (27,969)

Prepaid Expense 1,632

Accounts Payable 7,397

Loss on Equipment 5,293

Net cash flow from operating activities 260,529

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