Crooked River Corporation is preparing its statement of cash flows
Crooked River Corporation is preparing its statement of cash flows (indirect method) for the past year. Listed below are items used in preparing the company’s statement of cash flows. Specify how each item would be treated on Crooked River Corporation’s statement of cash flows by using the following abbreviations:
1. Operating activity— addition to net income ( O+)
2. Operating activity— subtraction from net income ( O-)
3. Financing activity ( F)
4. Investing activity ( I)
5. Activity that is not on the statement of cash flows(NA)
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