
Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372
Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372 Exercise 1
Computing Cash Flows from Operating Activities (Indirect Method)
The income statement and selected balance sheet information for Direct Products Company for the year ended December31, 2013, is presented below.
Required:
Prepare the cash flows from operating activities section of the 2013 statement of cash flows using the indirect method-
The income statement and selected balance sheet information for Direct Products Company for the year ended December31, 2013, is presented below.

Required:
Prepare the cash flows from operating activities section of the 2013 statement of cash flows using the indirect method-
Explanation
The cash flow from operating a...
Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
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