Matthew_McCoy_Problem 16-4A

Matthew_McCoy_Problem 16-4A - MatthewMcCoy Problem164A...

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Matthew McCoy Problem 16-4A      MEMPHIS CORPORATION         Statement of Cash Flows (Indirect Method)                 For Year Ended December 31, 2009 Cash flows from operating activities    Net Income $127,000     Adjustments to reconcile net income to net       cash provided by operating activities       Increase in accounts receivable (8,000)       Increase in merchandise inventory (95,000)       Increase in accounts payable 64,000       Increase in income taxes payable 3,000       Depreciation expense
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This note was uploaded on 09/24/2011 for the course ACCT 212 taught by Professor Sheik during the Spring '11 term at Mountain State.

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Matthew_McCoy_Problem 16-4A - MatthewMcCoy Problem164A...

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