Business, 22.04.2020 01:37, perezriii4133

Larkspur Company reported net income of $2.4 million in 2020. Depreciation for the year was $505,000, accounts receivable increased $480,500, and accounts payable increased $299,000. Compute net cash flow from operating activities using the indirect method. (Show amounts that decrease cash flow with either a - sign e. g. -15,000 or in parenthesis e. g. (15,000).)

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answered: aromesburg

Net Cash flow from operating $2,723,500

Explanation

To determine the net cash flow from operating activities. We will adjust the net income as follows; all decrease in assets and increase in liabilities are added and all increase in assets and decrease in liabilities are subtracted

Larkspur Company 2020

Cash flow from operating activities

Net Income 2,400,000

Adjustments:

Add depreciation expense 505,000

increase in receivable (480,500)

Increase in payables 299,000

Net Cash flow from operating 2,723,500

Note

All decrease in assets and increase in liabilities are added. All increase in assets and decrease in liabilities are subtracted.

answered: Guest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answered: Guest

D) when the consumer buys more than more is needed.

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Larkspur Company reported net income of $2.4 million in 2020. Depreciation for the year was $505,000...