Bryant Co. reports net income of $21,200. For the year, depreciation expense is $8,200 and the company reports a gain of $4,200 from sale of machinery. It also had a $3,200 loss from retirement of notes. Compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)

Respuesta :

Answer:

THE ANSWER IS 28400

Explanation:

The formula for calculating cash from operations using the indirect method

CFO= Net income+ gains/ losses form financing and investments+ non-cash items + changes in operating accounts

Add non cash expenses

deduct any gains on sale or retirement

add losses on sales or retirement

CFO = 21200 + 8200 -4200 + 3200 =28400