Suppose your company reports $190 of net income and $46 of cash dividends paid, and its comparative balance sheet indicates the following. Beginning Ending Cash $ 41 $ 241 Accounts Receivable 105 211 Inventory 275 171 Total $ 421 $ 623 Salaries and Wages Payable $ 16 $ 80 Common Stock 130 124 Retained Earnings 275 419 Total $ 421 $ 623 Required: Prepare the operating activities section of the statement of cash flows, using the indirect method.
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Suppose your company reports $190 of net income and $46 of cash dividends paid, and its comparative...
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