Connor Limited reported net earnings of $265,000 for the current year. Depreciation expense recorde on buildings and equipment amounted to $82,000 for the year. Balances of the current assets and current liabilities accounts at the beginning and end of the year are as follows:
Prepare the operating activities section of the cash flow statement using the indirect method.

Question

Connor Limited reported net earnings of $265,000 for the current year. Depreciation expense recorde on buildings and equipment amounted to $82,000 for the year. Balances of the current assets and current liabilities accounts at the beginning and end of the year are as follows:
  Prepare the operating activities section of the cash flow statement using the indirect method.

Quizplus · Accepted Answer

The Answer of Connor Limited reported net earnings of $265,000 for the current year. Depreciation expense recorde on buildings and equipment amounted to $82,000 for the year. Balances of the current assets and current liabilities accounts at the beginning and end of the year are as follows:
  Prepare the operating activities section of the cash flow statement using the indirect method.

Connor Limited Reported Net Earnings of $265,000 for the Current