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The following information was taken from the 2017 financial statements of Eiger Corporation, a maker of equipment for mountain and rock climbers: Net income $
The following information was taken from the 2017 financial statements of Eiger Corporation, a maker of equipment for mountain and rock climbers:
Net income | $ | 100,000 | |
Depreciation | 30,000 | ||
Increase (decrease) in | |||
Accounts receivable | 110,000 | ||
Inventories | (50,000 | ) | |
Prepaid expenses | 15,000 | ||
Accounts payable | (150,000 | ) | |
Salaries payable | 15,000 | ||
Other current liabilities | (70,000 | ) | |
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