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Home/ Questions/Hampton Company reports the following information for its recent calendar year. Income Statement Data Selected Year-End...
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Asked: April 13, 20222022-04-13T08:37:20+00:00 2022-04-13T08:37:20+00:00In: Accounting

Hampton Company reports the following information for its recent calendar year. Income Statement Data Selected Year-End…

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Hampton Company reports the following information for its recent calendar year.

Income Statement Data Selected Year-End Balance Sheet Data
Sales $ 72,000 Accounts receivable increase $ 6,000
Expenses Inventory decrease 3,000
Cost of goods sold 40,000 Salaries payable increase 1,000
Salaries expense 10,000
Depreciation expense 7,000
Net income $ 15,000

Prepare the operating activities section of the statement of cash flows for Hampton Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

Cash flows from operating activities
$0
♦ Relevant knowledge

The cash flow statement examines the cash-related activities of the company over an elapsed time. The transactions are divided into three sections including investing, operating and financing.

expensesincomesales
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    Bethany Williams
    2022-04-13T08:50:43+00:00Added an answer on April 13, 2022 at 8:50 am

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