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Can anyone help me with this problem? Thanks for your help. 2.00 points Suppose your company reports $185 of net income and $45 of cash
Can anyone help me with this problem? Thanks for your help.
2.00 points Suppose your company reports $185 of net income and $45 of cash dividends paid, and its comparative balance sheet indicates the following. Beginning Ending 40 S 230 Cash Accounts Receivable 100 200 Inventory 270 160 410 590 Total Salaries and Wages Payable 15 S 75 125 105 Common Stock Retained Earnings 270 410 Total 410 590 Required: 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 minus sign.) 185 Net Income Increase in Accounts Receivable Decrease in Inventory 110 60 Increase in Salaries and Wages Payable Dividends paid Net Cash Flow from Operating Activities 355Step by Step Solution
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