Elmore Company uses the direct method to prepare its statement of cash flows. Refer to the following financial statement information for the year ended December 31, 2017: Use the direct method, to compute the total net cash flow from operating activities. (Accrued Liabilities relate to other operating expense.)
A) $(54,700)
B) $38,700
C) $(38,700)
D) $54,700

Question

Elmore Company uses the direct method to prepare its statement of cash flows. Refer to the following financial statement information for the year ended December 31, 2017:   Use the direct method, to compute the total net cash flow from operating activities. (Accrued Liabilities relate to other operating expense.)
A) $(54,700) 
B) $38,700 
C) $(38,700) 
D) $54,700

Quizplus · Accepted Answer

The Answer of Elmore Company uses the direct method to prepare its statement of cash flows. Refer to the following financial statement information for the year ended December 31, 2017:   Use the direct method, to compute the total net cash flow from operating activities. (Accrued Liabilities relate to other operating expense.)
A) $(54,700) 
B) $38,700 
C) $(38,700) 
D) $54,700

Elmore Company Uses the Direct Method to Prepare Its Statement