Question
Verizon Communications Inc. provided the following financial data for the year 2023: Item Amount Net Income $4,000,000 Depreciation Expense $700,000 Increase in Accounts Receivable $400,000
Verizon Communications Inc. provided the following financial data for the year 2023:
Item | Amount |
Net Income | $4,000,000 |
Depreciation Expense | $700,000 |
Increase in Accounts Receivable | $400,000 |
Decrease in Inventory | $350,000 |
Increase in Accounts Payable | $300,000 |
Dividends Paid | $600,000 |
Prepare the cash flow statement using the indirect method for Verizon Communications Inc. for the year ending December 31, 2023.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
7th Canadian edition
1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458
