Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac

تمرين 48

Cash flow form operating activities-indirect method
The income statement disclosed the following items for the year:

The changes in the current asset and liability account for the year are as follows:

A. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method.
B. Briefly explain why net flow from operating activities is different than net income.