Question
Johnson & Johnson provides the following information for the year ended December 31, 2023: Net income: $300,000 Depreciation expense: $50,000 Increase in accounts receivable: $40,000
Johnson & Johnson provides the following information for the year ended December 31, 2023:
- Net income: $300,000
- Depreciation expense: $50,000
- Increase in accounts receivable: $40,000
- Decrease in inventory: $30,000
- Purchase of equipment: $100,000
- Sale of investments: $20,000
Prepare the operating activities section of the cash flow statement using the indirect method.
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
5th edition
978-1259317552, 1259317552, 978-0078025600, 78025605, 978-1259335013, 1259335011, 978-1259347641
