Question

Refer to the information for Granville Manufacturing Company in Problem 11-45A.
In problem
The income statement for Granville Manufacturing Company is presented below.
The following balance sheet changes occurred during the year:
• Accounts receivable increased by $182,400.
• Inventory increased by $98,725.
• Prepaid expenses decreased by $64,100.
• Accounts payable increased by $43,850.
• Salaries payable increased by $54,900.

Required:
Prepare the cash flows from operating activities section of the statement of cash flows, using the direct method.


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  • CreatedSeptember 22, 2015
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