Suppose your company reports $210 of net income and $50 of cash dividends paid,

Q: Suppose your company reports $210 of net income and $50 of cash dividends paid,

1. Cash flow from operating activities Net income 210 Adjustments to reconcile the net income Changes in current asset and liabilities Increase in accounts receivable -100 Decrease in Inventory 110 Increase in Salaries and wages payable 80 90 Cash flow from operating activities 300

ID: 2532752 • Letter: S

Question

Suppose your company reports $210 of net income and $50 of cash dividends paid, and its comparative balance sheet indicates the following Beginning Ending Cash Accounts Receivable Inventory S 45 125 295 S255 225 185 Total $465 $665 Common Stock Retained Earnings Salaries and Wages Payable S 20 150 295 $100 110 455 Total $465 $665 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.) Net Income Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Dividends paid Net Cash Flow from Operating Activities

Explanation / Answer

Cash flow from operating activities Net income 210 Adjustments to reconcile the net income Changes in current asset and liabilities Increase in accounts receivable -100 Decrease in Inventory 110 Increase in Salaries and wages payable 80 90 Cash flow from operating activities 300

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Suppose your company reports $185 of net income and $45 of cash dividends paid,

Suppose your company reports $220 of net income and $52 of cash dividends paid,

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Suppose your company reports $210 of net income and $50 of cash dividends paid,

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