Computation of Net Cash Flows from Operating Activities-Indirect Method The following data are taken from the income statement and balance sheet of Freeman Machinery, Inc.: 11eb742a_6c10_06fd_a720_a395be5e6971_SM1621_00 Using this information, prepare a partial statement of cash flows for the year ended December 31, 2015, showing the computation of net cash flows from operating activities by the indirect method.

Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

Edition 17ISBN: 978-0078025778

Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

Edition 17ISBN: 978-0078025778

Exercise 46

Computation of Net Cash Flows from Operating Activities-Indirect Method
The following data are taken from the income statement and balance sheet of Freeman Machinery, Inc.:

Using this information, prepare a partial statement of cash flows for the year ended December 31, 2015, showing the computation of net cash flows from operating activities by the indirect method.

Explanation

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Cash flow statement: It is part of finan...