Burgess Company uses the direct method to prepare the operating activities section of its statement of cash flows. The company provided the following partial list of account balances for Year 2:
The company also provided the following information relating to Year 2:
Required:
Prepare the cash flows from operating activities section of the company's statement of cash flows.

Question

Burgess Company uses the direct method to prepare the operating activities section of its statement of cash flows. The company provided the following partial list of account balances for Year 2:
  The company also provided the following information relating to Year 2:
  Required:
Prepare the cash flows from operating activities section of the company's statement of cash flows.

Quizplus · Accepted Answer

The Answer of Burgess Company uses the direct method to prepare the operating activities section of its statement of cash flows. The company provided the following partial list of account balances for Year 2:
  The company also provided the following information relating to Year 2:
  Required:
Prepare the cash flows from operating activities section of the company's statement of cash flows.

Burgess Company Uses the Direct Method to Prepare the Operating