AC202 Marin Inc

AC202 Marin Inc - $10,000 Add Decrease in Merchandise...

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Martin, Inc. Partial Statement of Cash Flows Cash Flows from Operating Activities: Net Income $32,500 Deduct: Increase in Accounts Receivable ($4,000) Add: Increase in Accounts Payable $16,000 Add: Increase in Income Tax Payable $300 Add: Decrease in Prepaid Expenses
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Unformatted text preview: $10,000 Add: Decrease in Merchandise Inventory $14,000 Deduct: Decrease in Long-term Notes Payable ($2,000) Deduct: Gain on Sale of Equipment ($26,000) Net Cash Provided by Operating Activities $8,300...
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