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Suppose your company reports $200 of net income and $48 of cash dividends paid, and its comparative balance sheet indicates the following. Cash Accounts
Suppose your company reports $200 of net income and $48 of cash dividends paid, and its comparative balance sheet indicates the following. Cash Accounts Receivable Inventory Total Salaries and Wages Payable Common Stock Retained Earnings Total Beginning Ending $ 43 $ 243 115 213 285 173 H $ 443 $ 629 $ 18 $90 140 102 285 $ 443 $ 629 437 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.)
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