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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

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 1SEB
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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
Transcribed Image Text: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
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