Selected Annual Income Statement Data Selected Year-End Balance Sheet Data Net income $403, 000 49,000 7,500 6, 200 Accounts receivable decrease Depreciation expense Amortization expense Gain on sale of plant assets Inventory decrease Prepaid expenses increase Accounts payable decrease Salaries payable increase $54, 200 44,500 4, 800 9,900 2,400 Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities
Selected Annual Income Statement Data Selected Year-End Balance Sheet Data Net income $403, 000 49,000 7,500 6, 200 Accounts receivable decrease Depreciation expense Amortization expense Gain on sale of plant assets Inventory decrease Prepaid expenses increase Accounts payable decrease Salaries payable increase $54, 200 44,500 4, 800 9,900 2,400 Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter5: Accounting For Retail Businesses
Section: Chapter Questions
Problem 5MAD: Analyze Home Depot The Home Depot (HD) reported the following data (in millions) in its recent...
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