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Shamoo Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's year-end balance
Shamoo Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's year-end balance sheets Year 2 Year 1 21,000 $19,000 2,0009,000 Account Title Accounts payable The Year 2 Income statement showed net income of $42,000. Based on this information, the amount of the cash flow from operating activities shown on the Year 2 statement of cash flows is $41,000 $42,000. $43.000 44.000
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