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Suppose your company reports $175 of net income and $43 of cash dividends paid, and its comparative balance sheet indicates the following Beginning $ 38
Suppose your company reports $175 of net income and $43 of cash dividends paid, and its comparative balance sheet indicates the following Beginning $ 38 Ending $228 198 158 $584 $ 65 127 392 $584 Cash Accounts Receivable Inventory 90 260 $388 13 115 260 $388 Total Salaries and Wages Payable Common Stock Retained Earnings Total Required: 1. 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.) Net Income Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Dividends paid Net Cash Flow from Operating Activities $
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