This preview shows
page 1. Sign up
to
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
This is the end of the preview. Sign up
to
access the rest of the document.
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....
View
Full
Document
This note was uploaded on 11/15/2011 for the course ACCT 2310 taught by Professor Staff during the Spring '09 term at Texas State.
- Spring '09
- staff
- Depreciation
-
Click to edit the document details
