Statement of Cash flows : It refers to the statement that shows the inflows and outflows of cash and cash equivalents during a particular period of time. Thus, the cash inflows and outflows are divided into three categories: Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Indirect method: Under this method, the following amounts are to be adjusted from the Net Incometo calculate the net cash provided from operating activities . To explain: the reporting of the transactions related to plant assets and intangibles in the statement of cash flows under the indirect method.

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Chapter 9, Problem 27Q

To determine

Statement of Cash flows: It refers to the statement that shows the inflows and outflows of cash and cash equivalents during a particular period of time. Thus, the cash inflows and outflows are divided into three categories:

Cash flows from operating activities

Cash flows from investing activities

Cash flows from financing activities

Indirect method: Under this method, the following amounts are to be adjusted from the Net Incometo calculate the net cash provided from operating activities.

To explain: the reporting of the transactions related to plant assets and intangibles in the statement of cash flows under the indirect method.

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