Question

Data for Eichorn Company are presented in P13-3B. In P13-3B, the income statement of Eichorn Company is presented on the shown below.
Additional information:
1. Accounts receivable decreased $320,000 during the year, and inventory increased $120,000.
2. Prepaid expenses increased $175,000 during the year.
3. Accounts payable to merchandise suppliers increased $50,000 during the year.
4. Accrued expenses payable increased $155,000 during the year.


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


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  • CreatedFebruary 17, 2014
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