REPORTING NET CASH FLOW FROM OPERATING ACTIVITIES The income statement for Dunn Products Inc. is presented below The following balance sheet changes occurred during the year: . Accounts receivable decreased by $80,000 . Inventory increased by $150,000 . Prepaid expenses increased by $99,000 . Accounts payable decreased by $54,000 . Salaries payable increased by $21,000
REPORTING NET CASH FLOW FROM OPERATING ACTIVITIES The income statement for Dunn Products Inc. is presented below The following balance sheet changes occurred during the year: . Accounts receivable decreased by $80,000 . Inventory increased by $150,000 . Prepaid expenses increased by $99,000 . Accounts payable decreased by $54,000 . Salaries payable increased by $21,000
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 19E
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REPORTING NET CASH FLOW FROM OPERATING ACTIVITIES
The income statement for Dunn Products Inc. is presented below
The following balance sheet changes occurred during the year:
. Accounts receivable decreased by $80,000
. Inventory increased by $150,000
. Prepaid expenses increased by $99,000
. Accounts payable decreased by $54,000
. Salaries payable increased by $21,000
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