Question
Visa Inc. provided the following financial data for the year 2023: Item Amount Net Income $3,550,000 Depreciation Expense $600,000 Increase in Accounts Receivable $350,000 Decrease
Visa Inc. provided the following financial data for the year 2023:
Item | Amount |
Net Income | $3,550,000 |
Depreciation Expense | $600,000 |
Increase in Accounts Receivable | $350,000 |
Decrease in Inventory | $350,000 |
Increase in Accounts Payable | $350,000 |
Dividends Paid | $500,000 |
Prepare the cash flow statement using the indirect method for Visa Inc. for the year ending December 31, 2023.
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Cornerstones of Financial and Managerial Accounting
Authors: Rich Jones, Mowen, Hansen, Heitger
1st Edition
9780538751292, 324787359, 538751290, 978-0324787351
