Hampton Company reports the following information for its recent calendar year. Income Statement Data Selected Year-End Balance Sheet Data Accounts receivable increase Sales Inventory decrease Expenses: Cost of goods sold Salaries expense Depreciation expense Net income $ 77,000 39,000 salaries payable increase 12,000 4,000 $ 22,000 $ 8,000 5,000 980 Required: 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.)

Hampton Company reports the following information for its recent calendar year. Income Statement Data Selected Year-End Balance Sheet Data Accounts receivable increase Sales Inventory decrease Expenses: Cost of goods sold Salaries expense Depreciation expense Net income $ 77,000 39,000 salaries payable increase 12,000 4,000 $ 22,000 $ 8,000 5,000 980 Required: 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.)

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 15E

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