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Accountants for Smithson, Inc. have assembled the following data for the year ended December 31, 2015: Q (Click the icon to view the transaction data.)
Accountants for Smithson, Inc. have assembled the following data for the year ended December 31, 2015: Q (Click the icon to view the transaction data.) (Click the icon to view the transaction (Click the icon to view the current accounts.) Prepare Smithson's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted. Leave unused cells blank.) Smithson, Inc. Statement of Cash Flows Year Ended December 31, 2015 Cash Flows From Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities Depreciation Expense Gain on Sale of Building Decrease in Accounts Receivable Increase in Merchandise Inventory crease in Accounts Payable Decrease in Income Tax Payable Net Cash Provided by (Used for) Operating Activities
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