Emerald Golf Inc. reported a net cash flow from operating activities of $86,700 on its statement of…


Question Description:

29.99

Emerald Golf Inc. reported a net cash flow from operating activities of $86,700 on its statement of… 1 answer below » Emerald Golf Inc. reported a net cash flow from operating activities of $86,700 on its statement of cash flows for the year ended December 31, 2008. The following information was reported in the cash flows from operating activities section of the statement of cash flows, using the indirect method: View complete question » Decrease in income taxes payable $2,000 Decrease in inventories 5,600 Depreciation 8,500 Gain on sale of investments 3,400 Increase in accounts payable 1,200 Increase in prepaid expenses 700 Increase in accounts receivable Emerald Golf Inc. reported a net cash flow from operating activities of $86,700 on its statement of cash flows for the year ended December 31, 2008. The following information was reported in the cash flows from operating activities section of the statement of cash flows, using the indirect method: Decrease in income taxes payable $2,000 Decrease in inventories 5,600 Depreciation 8,500 Gain on sale of investments 3,400 Increase in accounts payable 1,200 Increase in prepaid expenses 700 Increase in accounts receivable 4,300 Determine the net income reported by Emerald Golf Inc. for the year ended December 31, 2008. View less » Jul 18 2014 01:00 PM

Answer

29.99