Question

Data for Whitlock Company are presented in P13-3A. In P13-3A, The income statement of Whitlock Company is presented here.


Additional information:
1. Accounts receivable increased $200,000 during the year, and inventory decreased $500,000.
2. Prepaid expenses increased $150,000 during the year.
3. Accounts payable to suppliers of merchandise decreased $340,000 during the year.
4. Accrued expenses payable decreased $100,000 during the year.
5. Operating expenses include depreciation expense of $70,000.

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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