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    adesso's Avatar
    adesso Posts: 2, Reputation: 1
    New Member
     
    #1

    Aug 18, 2009, 08:32 AM
    Direct method of prepare the cash flow from operating activities
    Balances of the current asset and current liability accounts at the end and beginning of the year are as follows:

    End Beginning
    Cash 62,000 73,000
    Accounts Receivable(net) 75,000 60,000
    Inventories 54,000 47,000
    Accounts Payable
    (merchandise creditors) 43,000 37,000
    Salaries payable 2,800 3,800
    Sales (on account) 210,000
    Cost of merchandise sold 70,000
    Operating expenses other than
    Deprecation 67,000

    Use the direct method to prepare the cash flows from operating activities section of the statement of cash flows.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Aug 18, 2009, 06:04 PM

    See the other post about our guidelines for posting homework problems. Have you made some attempt to work on this?

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Direct method cash flow statement [ 1 Answers ]

Sorry,I asked similar Q once more, because we are spend already a few days to find the answer and still lost and not sure. HOW CURRENT ASSETS AND CURRENT LIABILITY BALANCE CAN BE USED IN THE PREPARATION OF THE CASH FLOW STATEMENT BY DIRECT METHOD? Please help us, Thank you.


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