Freeport Corporation's income statement for last year appears below:
The beginning and ending balances for last year are available for the following selected accounts (the company did not dispose of any property, plant, and equipment during the year):
Required:Using the direct method, prepare in good form the operating activities section of the statement of cash flows.

Question

Freeport Corporation's income statement for last year appears below:
  The beginning and ending balances for last year are available for the following selected accounts (the company did not dispose of any property, plant, and equipment during the year):
  Required:Using the direct method, prepare in good form the operating activities section of the statement of cash flows.

Quizplus · Accepted Answer

The Answer of Freeport Corporation's income statement for last year appears below:
  The beginning and ending balances for last year are available for the following selected accounts (the company did not dispose of any property, plant, and equipment during the year):
  Required:Using the direct method, prepare in good form the operating activities section of the statement of cash flows.

Freeport Corporation's Income Statement for Last Year Appears Below