Salud Company reports the following information. Use the indirect method to prepare only the operating activities section

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Salud Company reports the following information. Use the indirect method to prepare only the operating activities section of its statement of cash flows for the year ended December 31, 2015.

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Fundamental Accounting Principles

ISBN: 978-0077862275

22nd edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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Question Posted: Apr 23, 2015 03:09 AM

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Salud Company reports the following information. Use the indirect method to prepare only the operating activities section

Question:

Selected 2015 Income Statement Data Selected Year-End 2015 Balance Sheet Data Net income $400,000 Accounts receivable increase. 80,000 Prepaid expenses decrease. $40,000 12,000 Depreciation expense . in on sale of machinery.. Wages payable decrease. 2,000

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Cash flows from operating activities Net income 400000 Adjustments to reconcile net income to ...View the full answer

Fundamental Accounting Principles

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