E12-6 Preparing and Evaluating a Simple Statement of Cash Flows (Indirect Method) [LO 12-2, LO...
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E12-6 Preparing and Evaluating a Simple Statement of Cash Flows (Indirect Method) [LO 12-2, LO 12-5] Suppose your company reports $190 of net income and $46 of cash dividends paid, and its comparative balance sheet indicates the following Beginning Ending Cash Accounta Receivable Inventory 41 105 241 211 62 e 80 124 ook Total Salaries and Wages Payable Conmon Stock Retained Earnings 130 Total Required: 1. Prepare the operating activities section of the statement of cash flows, using the indirect method. (Amounts to be deducted should be indicated with a minus sign. Netincome increase in Accounts Recevable Decrease in Inventory ncrease in Ealanes and Wages Dividends p Net Cash Flow from Operating Activities
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