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Exercise 12-4 (Algo) Indirect: Cash flows from operating activities LO P2 The following income statement and additional year-end information is provided. Accounts receivable Inventory $49,550
Exercise 12-4 (Algo) Indirect: Cash flows from operating activities LO P2 The following income statement and additional year-end information is provided. Accounts receivable Inventory $49,550 increase Accounts payable 34,100 increase Salaries payable $13,950 decrease 4,650 decrease 4,650 direct method. Prepare the operating activities section of the statement of cash flows using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign
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