The accounting records of Baddour Company provided the data below. Prepare a reconciliation of net income to
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Question:
The accounting records of Baddour Company provided the data below. Prepare a reconciliation of net income to net cash flows from operating activities.
Net loss | $ 4500 |
Depreciation expense | 6,250 |
Increase in salaries payable | 550 |
The decrease in accounts receivable | 1,800 |
Increase in inventory | 2,120 |
Amortization of patent | 330 |
Reduction in a discount on bonds | 230 |
Prepare a reconciliation of net income to net cash flows from operating activities.
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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