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Check my work Thornton Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from
Check my work Thornton Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's Year 2 and Year 1 year-end balance sheets. Account Title Accounts receivable. Year 2 $11,400 Year 11 $16,600 $ 7,500 $10,650 Accounts payable The Year 2 income statement showed net income of $28,700. Required a. Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with minus sign.) Cash flows from operating activities
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