The following account balances are for the noncash current assets and current liabilities of Sam's Surfboard Shop for 2010 and 2011:
In addition, the income statement for 2011 is as follows:
Required: Prepare the operating activities section of the statement of cash flows using the indirect method.

Question

The following account balances are for the noncash current assets and current liabilities of Sam's Surfboard Shop for 2010 and 2011:
  In addition, the income statement for 2011 is as follows:
  Required: Prepare the operating activities section of the statement of cash flows using the indirect method.

Quizplus · Accepted Answer

The Answer of The following account balances are for the noncash current assets and current liabilities of Sam's Surfboard Shop for 2010 and 2011:
  In addition, the income statement for 2011 is as follows:
  Required: Prepare the operating activities section of the statement of cash flows using the indirect method.

The Following Account Balances Are for the Noncash Current Assets