Question
H&M, Inc. reported the following data: Net income $200,000 Depreciation expense 25,000 Loss on disposal of equipment 30,000 Increase in accounts receivable 20,000 Decrease in
H&M, Inc. reported the following data:
Net income
$200,000
Depreciation expense
25,000
Loss on disposal of equipment
30,000
Increase in accounts receivable
20,000
Decrease in accounts payable
(8,000)
Requirement:Prepare the cash flows for operating activities under the indirect method as it would appear on the statement of cash flows.
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Management and Cost Accounting
Authors: Colin Drury
10th edition
1473748873, 9781473748910 , 1473748917, 978-1473748873
