2

Review question:

1- what does the statement cash flow report

2- Describe the three basic types of cash flow activities

P14-33A Preparing the statement of cash flows-indirect method Accountants for Morganson, Inc. have assembled the following data for the year ended December 31,2018: 2018 2017 Current Assets Cash 99,400 25,000 64,100 00 69,700 75,000 Accounts Receivable Merchandise Inventory83,000 Current Liabilities: Accounts Payable Income Tax Payable 57,600 14,800 55,200 16,800