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Prepare only cash provided or used by operating activities

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Question: Refer to the information about Bekham Company in Exercise. Use the direct method to prepare only the cash provided or used by operating activities section of the statement of cash flows for this company

Exercise: Use the following income statement and information about changes in noncash current assets and current liabilities to prepare only the cash flows from operating activities section of the statement of cash flows using the indirect method.

1754_Bekham.png

Changes in current asset and current liability accounts for the year that relate to operations follow:

Accounts receivable . . . . . . . . . . $40,500 increase

Accounts payable . . . . . . . . . . . .$13,500

decrease Merchandise inventory . . . . . . . . 27,000

increase Salaries payable . . . . . . . . . 4,500 decrease

Reference no: EM131535712

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