Question: CP12-2 (Algo) Computing Cash Flows from Operating Activities (Indirect Method) [LO 12-2] Hamburger Heaven's income statement for the current year and selected balance sheet data
![12-2] Hamburger Heaven's income statement for the current year and selected balance](https://s3.amazonaws.com/si.experts.images/answers/2024/08/66d0222d5365f_26866d0222ceb14b.jpg)
CP12-2 (Algo) Computing Cash Flows from Operating Activities (Indirect Method) [LO 12-2] Hamburger Heaven's income statement for the current year and selected balance sheet data for the current and prior years ended December 31 are presented below. TIP: Prepaid Rent decreased because the amount taken out of Prepaid Rent (and subtracted from net income as Rent Expense) was more than the amount paid for rent in cash during the current year Required: Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Required: Prepare the cash flows from operating activities section of the stitement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
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