Exercise 12-6 question 1 & 2

h item, place an X in the Add or Subtract column to indicate whether the dollar amount should be Add Subtract For eac o or subtracted from net income under the indirect method when computing the net c by operating activities for the year. EXERCISE 12-6 Prepare a Statement of Cash Flows; Free Cash Flow [LO12-1, LO12-2, LO12-3] Comparative financial statement data for Carmono Company follow: This Year Last Year Assets 24 50 75 240 65 175 $250 70 200 50 150 $220 Total current assets Property, plant, and equipment Less accumulated depreciation... Net property, plant, and equipment.. Liabilities and Stockholders' Equity Accounts payable. $ 40 150 60 $250 s 36 145 39 $220 Common stock . . Retained earnings Total liabilities and stockholders' equity