Question
The following accounts and corresponding balances were drawn from Avia Company's 2017 and 2016 year-end balance sheets: ACCOUNT TITLE 2017 2016 Unearned revenue $ 7,600
The following accounts and corresponding balances were drawn from Avia Company's 2017 and 2016 year-end balance sheets:
ACCOUNT TITLE 2017 2016
Unearned revenue $ 7,600 $6,200
Prepaid rent 2,400 3,600
During the year $ 46,000 of unearned revenue was recgnized as having been earned. Rent expense for 2017 was 18,000 $.
REQUIRED
Based on this info alone, prepare the operating activities section of the statement of cash flows assuming the DIRECT approach is used
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian edition
119-49633-5, 1119496497, 1119496330, 978-1119496496
