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Net income
$ 6,300
Adjustments to reconcile net income to cash
Depreciation expense
14,400
Loss on sale of equipment
3,000
Changes in current accounts
Decrease in accounts receivable
663
Increase in inventory
(107)
Increase in prepaid expenses
(142)
Decrease in accounts payable
(919)
Decrease in salaries payable
320
Decrease in accrued expenses
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Unformatted text preview: (1,295) Cash provided by operating activities $ 22,220 Investing activities and financing activities The investing and financing sections of the statement of cash flows are prepared in the same way for the indirect method as for the direct method....
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- Spring '09
- staff
- Depreciation, Net Income, Generally Accepted Accounting Principles
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