Exercise 4-15 Indirect method; reconciliation of net income to net cash flows from operating activities...
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Accounting
Exercise 4-15 Indirect method; reconciliation of net income to net cash flows from operating activities LO4-8] The accounting records of Hampton Company provided the data below (S in 000s). Net income Depreciation expense Increase in accounts receivable Decrease in inventory Decrease in prepaid insurance Decrease in salaries payable Increase in interest payable 33,300 9,400 5,600 7,100 2,000 4,300 1,400 Required: Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) Cash flows from operating activities Adjustments for noncash effects Changes in operating assets and liabilities Net cash flows from operating activities
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