Statement of cash flows - dutton company

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Reference no: EM13523308

Dutton Company prepared the tabulation below at December 31, 2008.

Net Income $275,000

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation expense, $25,000

Decrease in accounts receivable, $55,000

Increase in inventory, $12,000

Decrease in accounts payable, $6,600

Increase in income taxes payable, $1,500

Loss on sale of land, $5,000

Net cash provided (used) by operating activities

Instructions:

Show how each item should be reported in the statement of cash flows. Use parentheses for deductions

Net income
Adjustments to reconcile net income to net cash provided by operating activities:
depreciation expense
decrease in accounts receivable
increase in inventory
decrease in accounts payable
increase in income tax payable
loss in sale of land
net cash provided(used) by operating activities

Reference no: EM13523308

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