Data for Cadet Company are presented in P12 9B Further analysis reveals that accounts payable pertain to merchandise creditors Instructions Prepare a statement of cash flows for Cadet Company using the direct method ...

CADET COMPANY Statement of Cash Flows For the Year Ended December 31 2012 Cash flows from operating ...

Data for Cadet Company are presented in P12-9B. Further analysis reveals that accounts payable pertain to merchandise

Question:

Data for Cadet Company are presented in P12-9B. Further analysis reveals that pertain to merchandise creditors.
Instructions
Prepare a statement of cash flows for Cadet Company using the direct method.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...