K es Exercise 12 2A Algo Use the indirect method to

Last updated: 4/26/2023

K es Exercise 12 2A Algo Use the indirect method to determine cash flows from operating activities LO 12 1 Alfonza Incorporated presents its statement of cash flows using the Indirect method The following accounts and corresponding balances were drawn from the company s Year 2 and Year 1 year end balance sheets Account Title Year 2 Accounts receivable 12 400 Accounts payable 8 650 The Year 2 Income statement showed net Income of 25 800 Year 1 19 200 10 900 Required a Prepare the operating activities section of the statement of cash flows Amounts to be deducted should be Indicated with a minus sign Cash flows from operating activities