Suppose your company reports $175 of net Income and $43 of cash dividends paid, and its comparative balance sheet indicates the following. Beginning Cash Accounts Receivable Inventory Total $ 38 90 260 Ending $ 228 198 158 $ 388 $ 584 Salaries and wages Payable $ 13 $ 65 115 260 127 392 $ 388 $ 584 Common Stock Retained Earnings Total Required: 1. Prepare the operating activities section of the statement of cash flows, using the Indirect method. (Amounts to be deducted should be indicated with a minus sign.) Net Income Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Dividends paid Net Cash Flow from Operating Activities
Suppose your company reports $175 of net Income and $43 of cash dividends paid, and its comparative balance sheet indicates the following. Beginning Cash Accounts Receivable Inventory Total $ 38 90 260 Ending $ 228 198 158 $ 388 $ 584 Salaries and wages Payable $ 13 $ 65 115 260 127 392 $ 388 $ 584 Common Stock Retained Earnings Total Required: 1. Prepare the operating activities section of the statement of cash flows, using the Indirect method. (Amounts to be deducted should be indicated with a minus sign.) Net Income Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Dividends paid Net Cash Flow from Operating Activities
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 4PA: Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall...
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