The following income statement and additional yearend information is provided.
Accounts receivable Inventory
$ increase Accounts payable
$ decrease
Sales Cost of goo Gross profi Operating exp Salaries Depreciat Rent expe Amortizat Utilities Gain on sal Net income
$
Income Statement
For Year Ended December
Accounts receivable $ increase Accounts payable $ decrease
Inventory increase Salaries payable decrease Prepare the operating activities section of the statement of cash flows using the indirect method.
Note: Amounts to be deducted should be indicated with a minus sign.
tableStatement of Cash Flows partialCash flows from operating activities,Adjustments to reconcile net income to net cash provided by operating activities,Income statement items not affecting cash,Changes in current operating assets and liabilities,
The following income statement and additional yearend information is provided.
Accounts receivable Inventory
$ increase Accounts payable
$ decrease
Sales Cost of goo Gross profi Operating exp Salaries Depreciat Rent expe Amortizat Utilities Gain on sal Net income
$
Income Statement
For Year Ended December
Accounts receivable $ increase Accounts payable $ decrease
Inventory increase Salaries payable decrease Prepare the operating activities section of the statement of cash flows using the indirect method.
Note: Amounts to be deducted should be indicated with a minus sign.
tableStatement of Cash Flows partialCash flows from operating activities,Adjustments to reconcile net income to net cash provided by operating activities,Income statement items not affecting cash,Changes in current operating assets and liabilities,