Freeport Company's income statement for last year appears below:
The beginning and ending balances for last year are available for the following accounts:
Required: Using the direct method, prepare the operating activities section of the statement of cash flows.

Question

Freeport Company's income statement for last year appears below:
  The beginning and ending balances for last year are available for the following accounts:
  Required: Using the direct method, prepare the operating activities section of the statement of cash flows.

Quizplus · Accepted Answer

The Answer of Freeport Company's income statement for last year appears below:
  The beginning and ending balances for last year are available for the following accounts:
  Required: Using the direct method, prepare the operating activities section of the statement of cash flows.

Freeport Company's Income Statement for Last Year Appears Below