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The following income statement and additional year-end information is provided. Accounts receivable $16,550 increase Accounts payable $11,000 decrease Inventory 26,725 increase Salaries payable 3,450 decrease
The following income statement and additional year-end information is provided. Accounts receivable $16,550 increase Accounts payable $11,000 decrease Inventory 26,725 increase Salaries payable 3,450 decrease Prepare the operating activities section of the statement of cash flows using the direct method. Note: Amounts to be deducted should be indicated with a minus sign
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