Home / Questions / Fitz Company reports the following information. Use the indirect method to prepare only the operatin
Fitz Company reports the following information. Use the indirect method to prepare only the operating activities section of its statement of cash flows for the year ended December 31. (Amounts to be deducted should be indicated with a minus sign.)
|
Selected Annual Income Statement Data |
Selected Year-End Balance Sheet Data |
||||||
|
Net income |
$ |
379,000 |
Accounts receivable decrease |
$ |
110,200 |
||
|
Depreciation expense |
49,200 |
Inventory decrease |
46,000 |
||||
|
Amortization expense |
8,900 |
Prepaid expenses increase |
5,100 |
||||
|
Gain on sale of plant assets |
7,000 |
Accounts payable decrease |
9,900 |
||||
|
Salaries payable increase |
2,300 |
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