The accounting records of a company provided the data below. Net loss Depreciation expense Increase in...
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The accounting records of a company provided the data below. Net loss Depreciation expense Increase in salaries payable $ 4,900 6,200 450 Decrease in accounts receivable Increase in inventory 2,125 2,200 Amortization of patent Reduction in discount on bonds 320 220 Prepare a reconciliation of net income to net cash flows from operating activities. Note: Cash outflows should be indicated with a minus sign. RECONCILIATION OF NET INCOME TO NET CASH FLOWS FROM OPERATING ACTIVITIES Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities $ 0 The accounting records of a company provided the data below. Net loss Depreciation expense Increase in salaries payable $ 4,900 6,200 450 Decrease in accounts receivable Increase in inventory 2,125 2,200 Amortization of patent Reduction in discount on bonds 320 220 Prepare a reconciliation of net income to net cash flows from operating activities. Note: Cash outflows should be indicated with a minus sign. RECONCILIATION OF NET INCOME TO NET CASH FLOWS FROM OPERATING ACTIVITIES Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities $ 0
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