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Below is information from the Biddle Company income statement and current assets and current liabilities from the balance sheet as of December 3 1 ,
Below is information from the Biddle Company income statement and current assets and current liabilities from the balance sheet as of December and Questions Prepare the cash flows from operating activities section of the companys statement of cash flows using the direct method. Prepare the cash flows from operating activities section of the companys statement of cash flows using the indirect method. Compare the two statements of cash flows and comment on the differences. Im trying to understand why the direct statement of cash flow is resulting in negative values for the answer of cash flow from operating activities.
Below is information from the Biddle Company income statement and current assets and current liabilities from the balance sheet as of December and
Questions
Prepare the cash flows from operating activities section of the companys statement of cash flows using the direct method.
Prepare the cash flows from operating activities section of the companys statement of cash flows using the indirect method.
Compare the two statements of cash flows and comment on the differences.
Im trying to understand why the direct statement of cash flow is resulting in negative values for the answer of cash flow from operating activities.
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