Hampton Company reports the following Exercise 12-14 information. Sales . . . . . . . .
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Hampton Company reports the following Exercise 12-14 information.
Sales . . . . . . . . . . . . . . . . . . . . . . . . . $160,000 Expenses Cost of goods sold . . . . . . . . . . . . . 100,000 Salaries expense . . . . . . . . . . . . . . . 24,000 Depreciation expense . . . . . . . . . . . 12,000 Net income . . . . . . . . . . . . . . . . . . . . $ 24,000 Accounts receivable increase . . . . . . . $ 10,000 Inventory decrease . . . . . . . . . . . . . . . 16,000 Salaries payable increase . . . . . . . . . . . 1,000 Required Prepare the operating activities section of the statement of cash flows for Hampton Company using the indirect method.AppendixLO1
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Financial Accounting Information For Decisions
ISBN: 9780073043753
4th Edition
Authors: John J. Wild
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