Question

The Halifax Company had a net loss of $25,000 in 20X2. The following information is available:
Depreciation ............ $19,000
Decrease in accounts receivable .... 4,000
Increase in inventory ......... 3,000
Increase in accounts payable ..... 18,000
Increase in salaries and wages payable . 5,000
Present a schedule that reconciles net income (loss) to net cash provided by operating activities.



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  • CreatedNovember 19, 2014
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