Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the direct method. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Deduct, Add or colons (:) will automatically appear if required.

Amount Descriptions
Cash payments for income taxes
Cash payments for merchandise
Cash payments for operating expenses
Cash received from customers
Decrease in accounts payable
Decrease in accounts receivable
Decrease in accrued expenses payable
Decrease in inventories
Decrease in prepaid expenses
Depreciation
Increase in accounts payable
Increase in accounts receivable
Increase in accrued expenses payable
Increase in inventories
Increase in prepaid expenses
Net cash flow from operating activities
Net cash flow used for operating activities

Rhino Company

Cash Flows from Operating Activities Section

For the Year Ended June 30

1	Cash flows from operating activities:
2
3
4
5
6