Question: E12-6 Preparing and Evaluating a Simple Statement of Cash Flows (Indirect Method) LO 12-2, LO 12-5] Suppose your company reports $165 of net income and
E12-6 Preparing and Evaluating a Simple Statement of Cash Flows (Indirect Method) LO 12-2, LO 12-5] Suppose your company reports $165 of net income and $41 of cash dividends paid, and its comparative balance sheet indicates the following Beginning Ending S 36 Cash Accounts Receivable $216 186 146 80 250 Total 366 Salaries and Wages Payable Common Stock Retained Eanings 11 105 S 119 374 250 Total $366 $548 Required Prepare the operating activities section of the statement of cash flows, using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Net Income Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Dividends paid Net Cash Flow from Operating Activities
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