Question

Hampton company reports the following information for its recent calendar year. income statement data selected year-end balance sheet data sales$ 160,000accounts receivable increase$ 10,000 expenses: inventory decrease16,000 cost of goods sold100,000salaries payable increase1,000 salaries expense24,000 depreciation expense12,000 net income$ 24,000

Required: Prepare the operating activities section of the statement of cash flows for Hampton Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities Net income Depreciation expense Inventory decrease Salaries payable increase Accounts receivable increase Net cash provided by operating activities 0

Answer 1

Answer:net income: $24000, depreciation expense:$12000,inventory decrease:$16000,salaries payable increase: $1000, AR increase:($10,000)negative, cash flow from operating activities: $43,000

Explanation: located above