Suppose your company reports $200 of net income and $48 of cash dividends paid, and its comparative balance sheet indicates the following. Beginning Ending Cash $ 43 $ 243 Accounts Receivable 115 213 Inventory 285 173 Total $ 443 $ 629 Salaries and Wages Payable $ 18 $ 90 Common Stock 140 102 Retained Earnings 285 437 Total $ 443 $ 629 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.) How would i create the operating activites section of cash flows, using the indirect method.
Suppose your company reports $200 of net income and $48 of cash dividends paid, and its comparative balance sheet indicates the following. Beginning Ending Cash $ 43 $ 243 Accounts Receivable 115 213 Inventory 285 173 Total $ 443 $ 629 Salaries and Wages Payable $ 18 $ 90 Common Stock 140 102 Retained Earnings 285 437 Total $ 443 $ 629 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.) How would i create the operating activites section of cash flows, using the indirect method.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Suppose your company reports $200 of net income and $48 of cash dividends paid, and its comparative
| Beginning | Ending | |||||||||
| Cash | $ | 43 | $ | 243 | ||||||
| 115 | 213 | |||||||||
| Inventory | 285 | 173 | ||||||||
| Total | $ | 443 | $ | 629 | ||||||
| Salaries and Wages Payable | $ | 18 | $ | 90 | ||||||
| Common Stock | 140 | 102 | ||||||||
| 285 | 437 | |||||||||
| Total | $ | 443 | $ | 629 | ||||||
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.)
How would i create the operating activites section of cash flows, using the indirect method.
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