he accounting records of EZ Company provided the data below: Net income $ 68,050 Depreciation expense 15,550
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Question:
he accounting records of EZ Company provided the data below:
Net income | $ 68,050 |
---|---|
Depreciation expense | 15,550 |
Increase in inventory | 5,775 |
Decrease in salaries payable | 4,315 |
Decrease in accounts receivable | 7,700 |
Amortization of patent | 1,165 |
Amortization of premium on bonds | 8,505 |
Increase in accounts payable | 12,550 |
Cash dividends | 21,500 |
Prepare a reconciliation of net income to net cash flows from operating activities.
Posted Date: