Question

Hampton Company reports the following information for its recent calendar year.
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 160,000
Expenses Cost of goods sold . . . . . . . . 100,000
Salaries expense . . . . . . . . . . . . . . . . . . 24,000
Depreciation expense . . . . . . . . . . . . . . 12,000
Net income . . . . . . . . . . . . . . . . . . . . . . $ 24,000
Accounts receivable increase . . . . . . . . $ 10,000
Inventory decrease . . . . . . . . . . . . . . . . 16,000
Salaries payable increase . . . . . . . . . . . . 1,000

Required
Prepare the operating activities section of the statement of cash flows for Hampton Company using the indirect method.



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  • CreatedNovember 26, 2013
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