Carson Corporation's comparative statement of financial position and income statement for last year appear below:
Carson did not dispose of any property,plant,and equipment during the year.It constructs its statement of cash flows using the direct method.
Required:
Using the direct method,prepare in good form the operating activities section of the statement of cash flows.

Question

Quizplus · Accepted Answer

The Answer of Carson Corporation's comparative statement of financial position and income statement for last year appear below:
Carson did not dispose of any property,plant,and equipment during the year.It constructs its statement of cash flows using the direct method.
Required:
Using the direct method,prepare in good form the operating activities section of the statement of cash flows.

Carson Corporation's Comparative Statement of Financial Position and Income Statement