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The accounting records of Baddour Company provided the data below. Net loss Depreciation expense $ 4,625 6,125 Increase in salaries payable 495 Decrease in
The accounting records of Baddour Company provided the data below. Net loss Depreciation expense $ 4,625 6,125 Increase in salaries payable 495 Decrease in accounts receivable Increase in inventory 2,175 2,320 Amortization of patent Reduction in discount on bonds 490 390 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
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