To complete the operating activities section of the statement of cash flows using the indirect method, start with net income and adjust for increases or decreases in current assets (other than cash) and current liabilities start with current assets (other than cash) and adjust for increases or decreases in current and long-term liabilities start with net income and adjust for increases or decreases in current assets (other than cash) and Property, Plant, and Equipment assets start with net income and adjust for increases or decreases in current assets (other than cash) and long-term liabilities

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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To complete the operating activities section of the statement of cash flows using the indirect method,
start with net income and adjust for increases or decreases in current assets (other than cash) and current liabilities
start with current assets (other than cash) and adjust for increases or decreases in current and long-term liabilities
start with net income and adjust for increases or decreases in current assets (other than cash) and Property, Plant, and Equipment assets
start with net income and adjust for increases or decreases in current assets (other than cash) and long-term liabilities
Transcribed Image Text:To complete the operating activities section of the statement of cash flows using the indirect method, start with net income and adjust for increases or decreases in current assets (other than cash) and current liabilities start with current assets (other than cash) and adjust for increases or decreases in current and long-term liabilities start with net income and adjust for increases or decreases in current assets (other than cash) and Property, Plant, and Equipment assets start with net income and adjust for increases or decreases in current assets (other than cash) and long-term liabilities
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