Question
Facebook Inc. provides the following information for the year: Net Income: $500,000 Depreciation Expense: $100,000 Increase in Accounts Receivable: $50,000 Decrease in Inventory: $20,000 Purchase
Facebook Inc. provides the following information for the year:
Net Income: $500,000
Depreciation Expense: $100,000
Increase in Accounts Receivable: $50,000
Decrease in Inventory: $20,000
Purchase of Equipment: $200,000
Issuance of Bonds: $300,000
Prepare the operating, investing, and financing sections of Facebook's cash flow statement using the indirect method.Step by Step Solution
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
0077664078, 978-0077664077, 78111048, 978-0078111044
