Budget Auto Parts Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Additional information provided by the company includes the following:
Current assets other than cash increase by $36,000.
Current liabilities decrease by $1,500.
Prepare the operating activities section of the statement of cash flows.

Question

Budget Auto Parts Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement:  Additional information provided by the company includes the following:
Current assets other than cash increase by $36,000.
Current liabilities decrease by $1,500.
Prepare the operating activities section of the statement of cash flows.

Quizplus · Accepted Answer

The Answer of Budget Auto Parts Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement:  Additional information provided by the company includes the following:
Current assets other than cash increase by $36,000.
Current liabilities decrease by $1,500.
Prepare the operating activities section of the statement of cash flows.

Budget Auto Parts Company Uses the Indirect Method to Prepare