The following changes were noted from the statement of financial position: trade receivables increased $8,000; inventory increased $4,000; trade payables increased $6,000; prepaid expense decreased $2,000; accrued liability decreased $5,000; and interest payable increased $1,000
Required: Prepare the operating activities section of the statement of cash flows using the indirect method.

Question

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The Answer of The following changes were noted from the statement of financial position: trade receivables increased $8,000; inventory increased $4,000; trade payables increased $6,000; prepaid expense decreased $2,000; accrued liability decreased $5,000; and interest payable increased $1,000
Required: Prepare the operating activities section of the statement of cash flows using the indirect method.

The Following Changes Were Noted from the Statement of Financial