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joan's creations reports net income of $630,000. depreciation expense is $48,000, accounts receivable increases $12,000, and accounts payable decreases $28,000. calculate net cash flows from operating activities using the indirect method. (amounts to be deducted should be indicated with a minus sign.)

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The net cash flows from operating activities to Joan's creations, given the depreciation and accounts receivables would be $ 638, 000

How to find the net cash flows ?

The net cash flows from operations involves all the cash transactions related to the day to day operations of the business including accounts receivable and payables.

The net cash flows from operating activities using the indirect method is:

= Net income + Depreciation expense - Accounts receivable increase - Accounts payable decrease

= 630, 000 + 48, 000 - 12, 000 - 28, 000

= $ 638, 000

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