Question: - pls show calculation steps for AR and AP thats where im getting a decrease and increase respectively and the answer key shows the opposite
- pls show calculation steps for AR and AP thats where im getting a decrease and increase respectively and the answer key shows the opposite

P11-7A. Prepare statement of cash flows-indirect and direct methods (Learning Objective 3 \& 4) 25-30 min. Comparative selected account balances and an unclassified statement of earnings for Kenmore Company follow: In addition, the following information is available: Accounts Payable balances resulted from merchandise inventory purchases. The carrying value of the equipment was $24,000. Declared and paid $25,000 dividends. Purchased a truck costing $100,000 by issuing a long-term note payable of $20,000 as a partial payment. Required 1. Prepare a statement of cash flows for Kenmore Company using the indirect method
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