The accounting records of a company provided the data below:
Description Amount
Net income $
Amortization expense
Increase in accounts receivable
Decrease in inventory
Decrease in prepaid insurance
Decrease in salaries payable
Increase in interest payable
When preparing a reconciliation of net income to net cash provided by operating activities, the following should be done DO NOT use commas NOR dollar signs $
The accountant should start with Answer in the amount of Answer
All non cash expenses should be Answer in the amount of Answer
The change in accounts receivable should be Answer in the amount of Answer
The change in inventory should be Answer in the amount of Answer
The change in prepaid insurance should be Answer
Choose...
in the amount of Answer
The change in salaries payable should be Answer in the amount of Answer
The change in interest payable should be Answer in the amount of Answer
Therefore, cash flows from operating activities is equal to Answer
