The accounting records of Baddour Company provided the data below. $ 4,625 6,125 495 Net loss Depreciation expense Increase in salaries payable Decrease in accounts receivable Increase in inventory Amortization of patent Reduction in discount on bonds Prepare a reconciliation of net income to net cash flows from operating activities. Note: Cash outflows should be indicated with a minus sign. RECONCILIATION OF NET INCOME TO NET CASH FLOWS FROM OPERATING ACTIVITIES Cash flows from operating activities: Adjustments for noncash effects: 2,175 2,320 490 390 Changes in operating assets and liabilities: Net cash flows from operating activities
The accounting records of Baddour Company provided the data below. $ 4,625 6,125 495 Net loss Depreciation expense Increase in salaries payable Decrease in accounts receivable Increase in inventory Amortization of patent Reduction in discount on bonds Prepare a reconciliation of net income to net cash flows from operating activities. Note: Cash outflows should be indicated with a minus sign. RECONCILIATION OF NET INCOME TO NET CASH FLOWS FROM OPERATING ACTIVITIES Cash flows from operating activities: Adjustments for noncash effects: 2,175 2,320 490 390 Changes in operating assets and liabilities: Net cash flows from operating activities
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject: acounting
Transcribed Image Text:The accounting records of Baddour Company provided the data below.
Net loss.
Depreciation expense
Increase in salaries payable
Decrease in accounts receivable
Increase in inventory
Amortization of patent
Reduction in discount on bonds
Prepare a reconciliation of net income to net cash flows from operating activities.
Note: Cash outflows should be indicated with a minus sign.
Cash flows from operating activities:
RECONCILIATION OF NET INCOME TO
NET CASH FLOWS FROM OPERATING ACTIVITIES
Adjustments for noncash effects:
$ 4,625
6,125
495
Changes in operating assets and liabilities:
2,175
2,320
490
390
Net cash flows from operating activities
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