4)The accounting records of rockiness company provided the data below?$ in 000s?

Net income                       $25,200

Depreciation expense                 3,300

Decrease in accounts receivable        2,000

Increase in inventory                  4,500

Increase in prepaid insurance            300

Increase in salaries payable              900

Decrease in interest payable             400

Required: Statement of Cash Flow reconciliation of net income to net cash flows from operating activities

Answer rating: 100% (QA)

Statement of Cash Flow Reconciliation Rockiness Company Reconciliation of Net Income to Net Cash Flo... View the full answer