The Percy's Landing Co. reported the following condensed income statement for 2016: Also during 2016, the company's current assets and current liabilities changed as follows:
Required:
Prepare the Net Cash Flow from Operating Activities section of the statement of cash flows for 2016, using the direct method.

Question

The Percy's Landing Co. reported the following condensed income statement for 2016:  Also during 2016, the company's current assets and current liabilities changed as follows:
  Required:
Prepare the Net Cash Flow from Operating Activities section of the statement of cash flows for 2016, using the direct method.

Quizplus · Accepted Answer

The Answer of The Percy's Landing Co. reported the following condensed income statement for 2016:  Also during 2016, the company's current assets and current liabilities changed as follows:
  Required:
Prepare the Net Cash Flow from Operating Activities section of the statement of cash flows for 2016, using the direct method.