Derive a direct method presentation of cash flow

Reference no: EM131792366

Question: The income statement and statement of cash flows for ABC Equipment Company for 2014 are provided below.

Supplemental Information: Other current liabilities represent obligations for general and administrative expenses.

Required: Derive a direct method presentation of cash flow from operating activities for ABC Equipment Company. Assume all depreciation is included in General and administrative expenses.

Reference no: EM131792366

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