The controller in your firm has put you in charge of preparing
the Statement of Cash Flows for the year ended December 31,
2017. You gather the following data. Your
firm uses the indirect method.
Dec 31 2017
Dec 31 2016
Cash
99,435
110,700
AR
424,600
380,900
Inventory
635,740
576,475
Prepaid Expenses
20,000
12,000
Investment in Subsidary
200,000
0
Cash surrender value of Life Insurance 16,460
16,460
14,850
Land
100,000
100,000
Buildings
525,000
400,000
Equipment
381,000
290,000
Patents
86,000
70,000
Trademarks...