Solution-Prepare a reconciliation of net income to net cash

Prepare a reconciliation of net income to net cash flows

Reference no: EM131791976

Question: The accounting records of EZ Company provided the data below.

Net income	$50,000
Depreciation expense	7,000
Increase in inventory	1,500
Decrease in salaries payable	800
Decrease in accounts receivable	2,000
Amortization of patent	500
Amortization of premium on bonds	1,000
Increase in accounts payable	4,000
Cash dividends	12,000

Prepare a reconciliation of net income to net cash flows from operating activities.

Reference no: EM131791976

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Prepare a reconciliation of net income to net cash flows

Reference no: EM131791976

Reference no: EM131791976

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