Refer to the data for Valance & Company.
REQUIRED:
1 What current liabilities appearing on the balance sheet do not appear in the operating activities section of the statement of cash flows? Why?
2 What current liabilities appear in the operating activities category of Valance's statement of cash flows? How
does the change for each year affect the cash flows from operating activities for that year?

Question

Quizplus · Accepted Answer

The Answer of Refer to the data for Valance & Company.
REQUIRED:
1 What current liabilities appearing on the balance sheet do not appear in the operating activities section of the statement of cash flows? Why?
2 What current liabilities appear in the operating activities category of Valance's statement of cash flows? How
does the change for each year affect the cash flows from operating activities for that year?

Refer to the Data for Valance & Company