Question
Johnson & Johnson provided the following financial data for the year 2023: Item Amount Net Income $8,500,000 Depreciation Expense $1,600,000 Increase in Accounts Receivable $850,000
Johnson & Johnson provided the following financial data for the year 2023:
Item | Amount |
Net Income | $8,500,000 |
Depreciation Expense | $1,600,000 |
Increase in Accounts Receivable | $850,000 |
Decrease in Inventory | $750,000 |
Increase in Accounts Payable | $650,000 |
Dividends Paid | $1,200,000 |
Prepare the cash flow statement using the indirect method for Johnson & Johnson for the year ending December 31, 2023.
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
10th edition
78025621, 978-0078025624
