Vaughn Ltd. reported 2022 net income of HK$178,180. During 2022, accounts receivable increased by HK$15,340 and accounts payable increased by HK$11,210. Depreciation expense was HK$51,920. Prepare the cash flows from operating activities section of the statement of cash flows (amounts in thousands). (Show amounts that decrease cash flows with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) VAUGHN LTD Cash Flow Statement Adjustments to reconcile net income to > HK$ HK$ HK$

Vaughn Ltd. reported 2022 net income of HK$178,180. During 2022, accounts receivable increased by HK$15,340 and accounts payable increased by HK$11,210. Depreciation expense was HK$51,920. Prepare the cash flows from operating activities section of the statement of cash flows (amounts in thousands). (Show amounts that decrease cash flows with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) VAUGHN LTD Cash Flow Statement Adjustments to reconcile net income to > HK$ HK$ HK$

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 5RE: In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts...

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