Question
AT&T Inc. provided the following financial data for the year 2023: Item Amount Net Income $7,500,000 Depreciation Expense $1,250,000 Increase in Accounts Receivable $700,000 Decrease
AT&T Inc. provided the following financial data for the year 2023:
Item | Amount |
Net Income | $7,500,000 |
Depreciation Expense | $1,250,000 |
Increase in Accounts Receivable | $700,000 |
Decrease in Inventory | $600,000 |
Increase in Accounts Payable | $550,000 |
Dividends Paid | $1,500,000 |
Prepare the cash flow statement using the indirect method for AT&T Inc. for the year ending December 31, 2023.
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Accounting Volume 1
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
9th Canadian edition
978-013309863, 9780133128338, 013309863X, 133128334, 978-0132690096
