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Reporting Net Cash Flow from Operating Activities The following information is available for Cornelius Inc.: Amount SelectedPrepare the net cash flows from operating activities using the indirect method. Cornelius Inc. Net Cash Flows from Operating

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Ans- Cornelius Inc.

Net Cash Flows from Operating Activities

Using Indirect Method

Cash Flow from Operating Activities:-
Net Income $37,590
Adjustments to reconcile net income to net cash flow from operating activities:-
Depreciation expenses $8,900
Increase in accounts receivables ($6,750)
Decrease in inventory $5,675
Increase in accounts payable $8,900 $16,725
Net cash provided by operating activities $54,315

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