Consider the following information from Practel Corporation s consolidated financial statements for 2 0 2 0
Question:
Consider the following information from Practel Corporations consolidated financial statements for :
Net income $
Net income attributable to Practel
Depreciation expense
Amortization expense
Loss on sale of plant assets
Equity method investment income
Cash dividends received from equity method investment
Increase in receivables
Decrease in inventory
Decrease in current operating liabilities
Required
Use the above data to prepare the operating cash flow section of Practels consolidated statement of cash flows for using the indirect method.
Enter answers using all zeros do not abbreviate answers to thousands or millions
Use a negative sign with answers to indicate a decreasereduction in cash.
Probability & Statistics For Engineers & Scientists
ISBN: 9780130415295
7th Edition
Authors: Ronald E. Walpole, Raymond H. Myers, Sharon L. Myers, Keying