Starfire Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Additional information provided by the company includes the following:
Current assets other than cash decreased by $25,000
Current liabilities increased by $3,000
Prepare the operating activities section of the statement of cash flows.

Question

Starfire Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement:  Additional information provided by the company includes the following:
Current assets other than cash decreased by $25,000
Current liabilities increased by $3,000
Prepare the operating activities section of the statement of cash flows.

Quizplus · Accepted Answer

The Answer of Starfire Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement:  Additional information provided by the company includes the following:
Current assets other than cash decreased by $25,000
Current liabilities increased by $3,000
Prepare the operating activities section of the statement of cash flows.

Starfire Company Uses the Indirect Method to Prepare the Statement