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Suppose your company reports $205 of net income and $49 of cash dividends paid, and its comparative balance sheet indica
Posted: Fri Jul 01, 2022 8:51 am
by answerhappygod
- Suppose Your Company Reports 205 Of Net Income And 49 Of Cash Dividends Paid And Its Comparative Balance Sheet Indica 1 (26.57 KiB) Viewed 49 times
Suppose your
company reports $205 of net income and $49 of cash dividends paid, and its comparative balance sheet indicates the following. Cash Accounts Receivable Inventory Total Salaries and Wages Payable Common Stock Retained Earnings Total Beginning $44 Net Income Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Dividends paid Net Cash Flow from Operating Activities 120 290 $ 454 $19 145 290 $ 454 Ending $ 254 224 184 $ 662 $95 121 446 $662 Required: 1. Prepare the operating activities section of the
statement of cash flows, using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)