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