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
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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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