Question

Data for Darbyshire Inc. are presented in P17-5B.
In P17-5B, The income statement of Darbyshire Inc. reported the following condensed information.


Darbyshire’s balance sheet contained these comparative data at December 31.


Darbyshire has no depreciable assets. Accounts payable pertain to operating expenses.

Instructions
Prepare the operating activities section of the statement of cash flows using the directmethod.


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  • CreatedJanuary 30, 2014
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