Use the following income statement and information about changes in non-cash current assets and current liabilities to

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Use the following income statement and information about changes in non-cash current assets and current liabilities to present the cash flows from operating activities using the indirect method:

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Changes in current asset and current liability accounts during the year were as follows:Accounts receivable .......................................... $63 decreaseInventory 25 increasePrepaid insurance .................................................. 3 increaseAccounts payable.................................................. 15 increaseAccrued liabilities .................................................. 8 decrease

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Fundamental Accounting Principles Volume II

ISBN: 978-1260305838

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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