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Concord Company reported 2025 net income of $154,000. During 2025, accounts receivable increased by $17,130 and accounts payable increased by $9,985. Depreciation expense was $48,700.
Concord Company reported 2025 net income of $154,000. During 2025, accounts receivable increased by $17,130 and accounts payable increased by $9,985. Depreciation expense was $48,700. Prepare the cash flows from operating activities section of the statement of cash flows. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) CONCORD COMPANY Statement of Cash Flows (Partial) Adjustments to reconcile net income to 11 S ATT
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