Hyde Companys records for 2019 provide the following information: a. Amortization of premium on bonds payable, $600
Question:
Hyde Company’s records for 2019 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
l. Patent amortization expense, $1,000
m. Net income, $10,800
Required:
Prepare the operating activities section of the 2019 statement of cash flows for Hyde Company.
Step by Step Answer:
Intermediate Accounting Reporting and Analysis
ISBN: 978-1337788281
3rd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach