Question

The income statement of Hubble Company is presented below.
Additional information:
1. Accounts receivable decreased $290,000 during the year, and inventory increased $140,000.
2. Prepaid expenses increased $175,000 during the year.
3. Accounts payable to merchandise suppliers increased $63,000 during the year.
4. Accrued expenses payable increased $145,000 during the year.


Instructions
Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2014, for Hubble Company, using the indirectmethod.


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  • CreatedApril 07, 2014
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