The accounting records of Hampton Company provided the data below ($ in 000s). $17,300 Net income Depreciation expense 7,800 4,000 Increase in accounts receivable Decrease in inventory 5,500 Decrease in prepaid insurance Decrease in salaries payable Increase in interest payable 1,200 2,700 800 Required: Prepare a reconciliation of net income to net cash flows from operating activities.
The accounting records of Hampton Company provided the data below ($ in 000s). $17,300 Net income Depreciation expense 7,800 4,000 Increase in accounts receivable Decrease in inventory 5,500 Decrease in prepaid insurance Decrease in salaries payable Increase in interest payable 1,200 2,700 800 Required: Prepare a reconciliation of net income to net cash flows from operating activities.
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 15E
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