Question
Verizon Communications Inc. provided the following financial data for the year 2023: Item Amount Net Income $950,000 Depreciation Expense $250,000 Increase in Accounts Receivable $150,000
Verizon Communications Inc. provided the following financial data for the year 2023:
Item | Amount |
Net Income | $950,000 |
Depreciation Expense | $250,000 |
Increase in Accounts Receivable | $150,000 |
Decrease in Inventory | $150,000 |
Increase in Accounts Payable | $95,000 |
Dividends Paid | $200,000 |
Prepare the cash flow statement using the indirect method for Verizon Communications Inc. for the year ending December 31, 2023.
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Accounting Volume 1
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
9th Canadian edition
978-013309863, 9780133128338, 013309863X, 133128334, 978-0132690096
