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Suppose your company reports $250 of net income and $58 of cash dividends paid, and its comparative balance sheet indicates the following Beginning $ 53
Suppose your company reports $250 of net income and $58 of cash dividends paid, and its comparative balance sheet indicates the following Beginning $ 53 165 335 $553 $ 28 190 335 $553 Ending $293 263 223 $779 Cash Accounts Receivable Inventory Total Salaries and Wages Payable Common Stock Retained Earnings Total $140 112 527 $779 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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