The accounting records of Harrison Company provided the data
below.
Net loss | $ | 12,000 | |
Depreciation expense | 14,000 | ||
Increase in salaries payable | 3,000 | ||
Decrease in accounts receivable | 6,000 | ||
Increase in inventory | 6,800 | ||
Amortization of patent | 900 | ||
Decrease in discount on bonds | 700 | ||
Required:
Prepare a reconciliation of net income to net cash flows from
operating activities. (Amounts to be deducted should be
indicated with a minus sign.)
Cash flows from operating activities:
Net loss:
Adjustments for noncash affects:
-
-
-
changes in operating assets and liabilities:
-
-
-
-
Net cash flows from operating activities =?
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