Question
Hampton Company reports the following information for its recent calendar year. Income Statement Data Selected Year-End Balance Sheet Data Sales $ 71,000 Accounts receivable increase
Hampton Company reports the following information for its recent calendar year.
| Income Statement Data | Selected Year-End Balance Sheet Data | ||||||
| Sales | $ | 71,000 | Accounts receivable increase | $ | 5,000 | ||
| Expenses: | Inventory decrease | 3,000 | |||||
| Cost of goods sold | 36,000 | Salaries payable increase | 800 | ||||
| Salaries expense | 12,000 | ||||||
| Depreciation expense | 5,000 | ||||||
| Net income | $ | 18,000 | |||||
Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
Exercise 16-2 Indirect: Reporting cash flows from operations LO P2
Hampton Company reports the following information for its recent calendar year.
| Income Statement Data | Selected Year-End Balance Sheet Data | ||||||
| Sales | $ | 71,000 | Accounts receivable increase | $ | 5,000 | ||
| Expenses: | Inventory decrease | 3,000 | |||||
| Cost of goods sold | 36,000 | Salaries payable increase | 800 | ||||
| Salaries expense | 12,000 | ||||||
| Depreciation expense | 5,000 | ||||||
| Net income | $ | 18,000 | |||||
Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
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Auditing Your Human Resources Department A Step By Step Guide To Assessing The Key Areas Of Your Program
Authors: John H. McConnell
2nd Edition
0814416616, 978-0814416617
