Question
3M Company provided the following financial data for the year 2023: Item Amount Net Income $250,000 Depreciation Expense $60,000 Increase in Accounts Receivable $40,000 Decrease
3M Company provided the following financial data for the year 2023:
Item | Amount |
Net Income | $250,000 |
Depreciation Expense | $60,000 |
Increase in Accounts Receivable | $40,000 |
Decrease in Inventory | $30,000 |
Increase in Accounts Payable | $20,000 |
Dividends Paid | $50,000 |
Prepare the cash flow statement using the indirect method for 3M Company for the year ending December 31, 2023.
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Managerial Accounting The Cornerstone of Business Decision Making
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
7th edition
978-1337116008, 1337116009, 1337115770, 978-1337516150, 1337516155, 978-1337115773
