Hampton Company reports the following information for its recent calendar year Income Statement Data Selected Year-End Balance Sheet Data Accounts receivable increase Inventory decrease $10,000 16,000 1,000 $160,000 Sales Expenses Cost of goods sold Salaries expense Depreciation expense12,000 00,000 Salaries payable increase 24,000 Net income $24,000 Required: 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 Net income Depreciation expense Inventory decrease Salaries payable increase Accounts receivable increase Net cash provided by operating activities

The three types of cash flows are operating activities, investment activities, and financing activities. Cash-related net income operations are a part of operating activities. Cash transactions involving noncurrent assets are a part of investing.

A cash flow statement reveals what information?

Your ability to track incoming and outgoing cash is aided by the cash flow statement, which displays the source of funds. Operating, investment, and financial operations are the three sources of a business's incoming cash.

Which two cash flow statement methodologies are there?

A list of incoming and outgoing cash flows is given as the operating cash flows in the direct approach. The direct method essentially subtracts your outgoing costs from your incoming funds. Operating cash flows are reconciled from profit to using the indirect approach, which.

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