The accounting records of EZ Company provided the data below. Prepare a reconciliation of net income to netcash flows from operating activities. Net income.................... $50,000Depreciation expense ............7,000Increase in inventory ...........1,500Decrease in salaries payable............ 800Decrease in accounts receivable............ 2,000Amortization of patent .............500Amortization of premium on bonds............ 1,000Increase in accounts payable ..........4,000Cash dividends............ 12,000

The accounting records of EZ Company provided the data below. Prepare a reconciliation of net income to netcash flows from operating activities. Net income.................... $50,000Depreciation expense ............7,000Increase in inventory ...........1,500Decrease in salaries payable............ 800Decrease in accounts receivable............ 2,000Amortization of patent .............500Amortization of premium on bonds............ 1,000Increase in accounts payable ..........4,000Cash dividends............ 12,000

Name: The accounting records of EZ Company provided the data below. Prepare
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Description: The accounting records of EZ Company provided the data below. Prepare a reconciliation of net income to netcash flows from operating activities. Net income.................... $50,000Depreciation expense ............7,000Increase in inventory .......

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 9BE

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