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The income statement and the cash flows from operating activities section of the statement of cash flows are provided below for Syntric Company. The merchandise
The income statement and the cash flows from operating activities section of the statement of cash flows are provided below for Syntric Company. The merchandise inventory account balance neither increased nor decreased during the reporting period. Syntric had no liablity for insurance, deferred income taxes, or interest at any time during the period.
Requlred:
Prepare a schedule to reconclle net income to net cash flows from operating activities.
Note: Enter your answers In thousands rounded to decimal place Ie should be entered as Cash outflows should be Indlcated with a minus slgn
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