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?

$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  

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

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