Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings...

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Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income. Cash Accounts rec. Inventory Total Net fixed assets Total assets $ Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $5,990 4,140 350 $1,500 29 $1,471 441 $1,030 105 $ 210 950 Accounts payable 790 Long-term debt 1,665 Common stock 2,020 $2,720 $3,020 Retained earnings 3,660 3,380 $6,380 $6,400 Total liab. & equity How does the accounts payable affect the statement of cash flows? 2016 2017 $1,530 $1,440 790 3,200 860 590 3,260 1,110 $6,380 $6,400 Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income. Cash Accounts rec. Inventory Total Net fixed assets Total assets $ Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $5,990 4,140 350 $1,500 29 $1,471 441 $1,030 105 $ 210 950 Accounts payable 790 Long-term debt 1,665 Common stock 2,020 $2,720 $3,020 Retained earnings 3,660 3,380 $6,380 $6,400 Total liab. & equity How does the accounts payable affect the statement of cash flows? 2016 2017 $1,530 $1,440 790 3,200 860 590 3,260 1,110 $6,380 $6,400

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THERE ARE THREE TYPES OF ACTIVITIES IN CASH FLOW STATEMENT 1 CASH FLOW FROM OPERATING ACTIVITIES 2 C... View the full answer