The income statement and selected balance sheet information for Direct Products Company for the year ended December

Question:

The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are presented below.

Income Statement Sales Revenue Expenses: Cost of Goods Sold Depreciation Expense Salaries and Wages Expense

Required:
Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method.

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Related Book For  book-img-for-question

Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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