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Problem 9: Statement of cash flows-Indirect method: Cemex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income
Problem 9: Statement of cash flows-Indirect method: Cemex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income for the 2018 fiscal year was $624,000. Depreciation and amortization expense of $87,000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cash: Required: Calculate cash flows from operating activities for 2018
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