The accounting records of EZ Company provided the data below: Net income $ 55,700 Depreciation expense 9,700
Fantastic news! We've Found the answer you've been seeking!
Question:
The accounting records of EZ Company provided the data below:
Net income $ 55,700
Depreciation expense 9,700
Increase in inventory 2,850
Decrease in salaries payable 1,910
Decrease in accounts receivable 3,800
Amortization of patent 710
Amortization of premium on bonds 3,370
Increase in accounts payable 6,700
Cash dividends 15,000
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
Posted Date: