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Suppose your company reports $225 of net income and S53 of cash dividends paid, and its comparative balance sheet indicates the following Cash Accounts Receivable
Suppose your company reports $225 of net income and S53 of cash dividends paid, and its comparative balance sheet indicates the following Cash Accounts Receivable Inventory Beginning Ending 5 48 5 268 140 238 310 18 5 498 S 704 Total Salaries and Wages Payable Common Stock Retained Earnings 5 23 S 115 165 107 310 482 5 498 S 704 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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