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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
Suppose your company reports $200 of net income and $48 of cash dividends paid, and its comparative balance sheet indicates the following. | |||||||||||||||||||||||||||||||
Beginning | Ending | |||||
Cash | $ | 43 | $ | 243 | ||
Accounts Receivable | 115 | 213 | ||||
Inventory | 285 | 173 | ||||
Total | $ | 443 | $ | 629 | ||
Salaries and Wages Payable | $ | 18 | $ | 90 | ||
Common Stock | 140 | 102 | ||||
Retained Earnings | 285 | 437 | ||||
Total | $ | 443 | $ | 629 | ||
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