Question

Hyde Company’s records for 2016 provide the following information:
a. Amortization of premium on bonds payable, $600
b. Purchase of equipment, $6,000
c. Depreciation expense, $7,400
d. Decrease in accounts receivable, $800
e. Decrease in accounts payable, $2,800
f. Issuance of long-term note for cash, $4,200
g. Increase in inventories, $7,500
h. Gain on sale of land, $8,000
i. Increase in prepaid assets, $500
j- Declaration and payment of cash dividends. $1,800
k. Increase in wages payable, $300
1. Patent amortization expense, $1,000
m. Net income, $10,800
Required:
Prepare die operating activities section of the 2016 statement of cash flows for Hyde Company.


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  • CreatedOctober 05, 2015
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