Use the following information to prepare the Operating Activities section of the Statement of Cash Flows WalkRight Inc. For the Year Ended December 31, 2017 $ 1,600,000 Net Income $ 1,000,000 400,000 $ Proceeds from Issuance of Common Stock Increase in inventory Increase in Accounts Payable Purchase of Equipment 250,000 $ 1,200,000 500,000 $ Payment of Cash Dividend Depreciaiton Expense $ 750,000 200,000 60,000 Increase in Accounts Receivable Payment of Mortgage Reminder: You are being asked to prepare the Operating Activities section only. WalkRight Inc. Statement of Cash Flows For the Year Ended December 31, 2017 Cash flows from operating activities %24
Use the following information to prepare the Operating Activities section of the Statement of Cash Flows WalkRight Inc. For the Year Ended December 31, 2017 $ 1,600,000 Net Income $ 1,000,000 400,000 $ Proceeds from Issuance of Common Stock Increase in inventory Increase in Accounts Payable Purchase of Equipment 250,000 $ 1,200,000 500,000 $ Payment of Cash Dividend Depreciaiton Expense $ 750,000 200,000 60,000 Increase in Accounts Receivable Payment of Mortgage Reminder: You are being asked to prepare the Operating Activities section only. WalkRight Inc. Statement of Cash Flows For the Year Ended December 31, 2017 Cash flows from operating activities %24
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 5RE: In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts...
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