Question
Ford Motors Co. provides the following information for the year ended December 31, 2024: Item Amount ($) Net Income $800,000 Depreciation Expense $200,000 Increase in
Ford Motors Co. provides the following information for the year ended December 31, 2024:
Item | Amount ($) |
Net Income | $800,000 |
Depreciation Expense | $200,000 |
Increase in Accounts Receivable | $50,000 |
Increase in Inventory | $30,000 |
Increase in Accounts Payable | $40,000 |
Purchase of Equipment | $500,000 |
Prepare a cash flow statement using the indirect method.
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
4th edition
1259578542, 978-1259578540
