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Suppose your company reports $185 of net income and $45 of cash dividends paid, and its comparative balance sheet indicates the following. Beginning Ending Cash
Suppose your company reports $185 of net income and $45 of cash dividends paid, and its comparative balance sheet indicates the following.
Beginning | Ending | |||||||||
Cash | $ | 40 | $ | 230 | ||||||
Accounts Receivable | 100 | 200 | ||||||||
Inventory | 270 | 160 | ||||||||
Total | $ | 410 | $ | 590 | ||||||
Salaries and Wages Payable | $ | 15 | $ | 75 | ||||||
Common Stock | 125 | 105 | ||||||||
Retained Earnings | 270 | 410 | ||||||||
Total | $ | 410 | $ | 590 | ||||||
- Prepare the operating activities section (fill in the table below) 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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