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Suppose your company reports $215 of net income and $51 of cash dividends paid, and its comparative balance sheet indicates the following. Cash Accounts Receivable
Suppose your company reports $215 of net income and $51 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 $ 46 130 300 $ 476 $ 21 155 300 $ 476 Ending $ 266 236 196 $698 $105 129 464 $698 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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