Sub: Accounts Topic: Cash Flows Statements
Question:
Preparation of Cash Flows Statement in Indirect method.
ClassOf1 provides expert guidance to College, Graduate, and High school students on homework and assignment problems in
Math, Sciences, Finance, Marketing, Statistics, Economics, Engineering, and many other subjects.
The comparative balance sheet of Oak and Tile Flooring Co. for June 30, 2008 and 2007, is as
follows:
Statement of cash ___________________________________June 30,2008________June
30,2007_
Flows-indirect method Assests
Obj. 2 Cash………………………………………………………..$ 34,700 $ 23,500
Net cash flow from Accounts receivable (net)………………………. 101,600 92,300
Operating activities, Inventories………………………………………..…. 146,