How do I Prepare a
statement of cash flows, using the indirect method of presenting
cash flows from operating activities. Use the minus sign to
indicate cash out flows, cash payments, decreases in cash, or any
negative adjustments.
Whitman Co.
Statement of Cash Flows
For the Year Ended December 31, 20Y2
The comparative balance sheet of Whitman Co. at December 31,
20Y2 and 20Y1, is as follows:
Dec. 31,
20Y2
Dec. 31,
20Y1
Assets
Cash
$ 802,190
$ 862,800
Accounts...