Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

Exercise 40

Statement of cash flows-indirect method
The comparative balance sheet of Coulson, Inc. at December 31, 2016 and 2015, is as follows:

The noncurrent asset, noncurrent liability, and stockholders' equity accounts for 2016 are as follows:


Instructions
Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.