Preparing the statement of cash flows-direct method To prepare the statement of cash flows, accountants for I-M-Mobile, Inc., have sum marized 2012 activity in the Cash account as follows: 11eb8258_9584_71f6_bb02_c3213b996386_SM1625_00 Requirement 1. Prepare 1-M-Mobile's statement of cash flows for the year ended December 31, 2012, using the direct method to report operating activities.

Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

Edition 3ISBN: 978-0132962339

Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

Edition 3ISBN: 978-0132962339

Exercise 20

Preparing the statement of cash flows-direct method
To prepare the statement of cash flows, accountants for I-M-Mobile, Inc., have sum marized 2012 activity in the Cash account as follows:

Requirement
1. Prepare 1-M-Mobile's statement of cash flows for the year ended December 31, 2012, using the direct method to report operating activities.

Explanation

Verified

• Direct method changes each item of the...