Question

Following is an income statement for Wickenia Corporation for the year ended December 31, 2009, and a schedule listing the company’s current assets and current liabilities at the end of 2008 and 2009. Amounts are in thousands.
Required:
(a) Prepare a schedule documenting Wickenia Corporation’s net cash flow from operating activities for the year ended December 31, 2009, using the indirect method.
(b) Prepare a schedule documenting Wickenia Corporation’s net cash flow from operating activities for the year ended December 31, 2009, using the direct method.
(c) Briefly evaluate the schedule you prepared in part (a). Does this schedule provide any clues regarding the financial health of Wickenia Corporation? Explain.


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  • CreatedMarch 27, 2015
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