Question: Be careful with that coffee Your roommate is staring in

“Be careful with that coffee!” Your roommate is staring in disbelief at the papers in front of her. “This was my contribution to our team project,” she moaned. “When you spilled your coffee, it splashed on this page. Now I can't recognize some of these numbers, and Craig has my source documents.”

Knowing how important this afternoon's presentation is to your roommate, you're eager to see what can be done. “Let me see that,” you offer. “I think we can figure this out.” The statement of cash flows and income statement are intact. The reconciliation schedule and the comparative balance sheets are coffee casualties.

1. Determine the missing amounts.
2. Reconstruct the reconciliation of net income to cash flows from operating activities (operating cash flows using the indirect method).

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  • CreatedJuly 11, 2013
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