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Calculate change in cash flows that serves as control figure

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Reference no: EM131697864

Question: Oliver Company provided the following information for the years 2011 and 2012:

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Operating Cash Flows Refer to the information for Oliver Company above.

Required: 1. Calculate the change in cash flows that serves as the control figure for the statement of cash flows.

2. Prepare a schedule that provides operating cash flows for the year 2012 using the indirect method.

3. Assume that you have all the information provided for Requirement 1 except that you only know the beginning balance of accounts receivable for 2012. Given this information and assuming that the operating cash flows for 2012 are $41,000, calculate the ending balance for accounts receivable.

Reference no: EM131697864

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