Question

Use the following income statement and information about changes in non-cash current assets and current liabilities to present the cash flows from operating activities using the indirect method:


Changes in current asset and current liability accounts during the year were as follows:
Accounts receivable......................................... $135 decrease
Inventory ......................................................... 54 increases
Prepaid insurance ............................................. 6 increase
Accounts payable ............................................. 30 increase
Accrued liabilities ............................................. 15decrease


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  • CreatedJanuary 08, 2015
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