Question

Statement of Cash Flows—Indirect Method Refer to all of the facts in Problem 12-3A.

Required
1. Prepare a statement of cash flows for 2010 using the indirect method in the Operating Activities section.
2. On the basis of your statement in (1), draft a brief memo to the president to explain why cash decreased during such a profitable year. Include in your explanation any recommendations for improving the company’s cash flow in future years.



$1.99
Sales1
Views141
Comments0
  • CreatedJanuary 12, 2012
  • Files Included
Post your question
5000