Question
Facebook, Inc. provided the following financial data for the year 2023: Item Amount Net Income $2,500,000 Depreciation Expense $450,000 Increase in Accounts Receivable $230,000 Decrease
Facebook, Inc. provided the following financial data for the year 2023:
Item | Amount |
Net Income | $2,500,000 |
Depreciation Expense | $450,000 |
Increase in Accounts Receivable | $230,000 |
Decrease in Inventory | $185,000 |
Increase in Accounts Payable | $165,000 |
Dividends Paid | $350,000 |
Prepare the cash flow statement using the indirect method for Facebook, Inc. for the year ending December 31, 2023.
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
15th edition
1259994975, 125999497X, 1259631117, 978-1259631115
