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Alpha Pharmaceuticals presents the following information for the year: Net income: $200,000 Depreciation expense: $50,000 Increase in accounts receivable: $30,000 Decrease in inventory: $20,000 Increase
Alpha Pharmaceuticals presents the following information for the year:
- Net income: $200,000
- Depreciation expense: $50,000
- Increase in accounts receivable: $30,000
- Decrease in inventory: $20,000
- Increase in accounts payable: $10,000
- Purchase of equipment: $100,000 Prepare the cash flow statement using the indirect method.
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Horngrens Accounting
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
11th edition
978-0133851151, 013385115X, 978-0133866889
