O'Hara Company uses the direct method to prepare the operating activities section of its statement of cash flows. The following information is available for Year 2.
Required:a)What amount of cash was paid for the purchase of merchandise?b)Using only this information, prepare the operating activities section of the statement of cash flows.

Question

O'Hara Company uses the direct method to prepare the operating activities section of its statement of cash flows. The following information is available for Year 2.
  Required:a)What amount of cash was paid for the purchase of merchandise?b)Using only this information, prepare the operating activities section of the statement of cash flows.

Quizplus · Accepted Answer

The Answer of O'Hara Company uses the direct method to prepare the operating activities section of its statement of cash flows. The following information is available for Year 2.
  Required:a)What amount of cash was paid for the purchase of merchandise?b)Using only this information, prepare the operating activities section of the statement of cash flows.

O'Hara Company Uses the Direct Method to Prepare the Operating