Question
General Electric provided the following financial data for the year 2023: Item Amount Net Income $280,000 Depreciation Expense $80,000 Increase in Accounts Receivable $60,000 Decrease
General Electric provided the following financial data for the year 2023:
Item | Amount |
Net Income | $280,000 |
Depreciation Expense | $80,000 |
Increase in Accounts Receivable | $60,000 |
Decrease in Inventory | $50,000 |
Increase in Accounts Payable | $40,000 |
Dividends Paid | $70,000 |
Prepare the cash flow statement using the indirect method for General Electric for the year ending December 31, 2023.
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Project Management The Managerial Process
Authors: Eric W Larson, Clifford F. Gray
8th Edition
1260570436, 978-1260570434
