Following are the income statement and other information for Pickens Corporation.
Accounts receivable (net)decreased by $2,250 during the year.Inventory increased by $1,350,and Accounts Payable decreased by $1,800 during the year.Income Taxes Payable increased by $450 during the year.
Prepare a schedule of cash flows from operating activities using the indirect method.

Question

Following are the income statement and other information for Pickens Corporation.
  Accounts receivable (net)decreased by $2,250 during the year.Inventory increased by $1,350,and Accounts Payable decreased by $1,800 during the year.Income Taxes Payable increased by $450 during the year.
Prepare a schedule of cash flows from operating activities using the indirect method.

Quizplus · Accepted Answer

The Answer of Following are the income statement and other information for Pickens Corporation.
  Accounts receivable (net)decreased by $2,250 during the year.Inventory increased by $1,350,and Accounts Payable decreased by $1,800 during the year.Income Taxes Payable increased by $450 during the year.
Prepare a schedule of cash flows from operating activities using the indirect method.

Following Are the Income Statement and Other Information for Pickens