Starfire Company Uses the Indirect Method to Prepare the Statement

question 72

Essay

Starfire Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Additional information provided by the company includes the following:
Current assets other than cash decreased by $25,000
Current liabilities increased by $3,000
Prepare the operating activities section of the statement of cash flows.

---

Definitions:

Love of Freedom

A deep affection or zeal for autonomy and self-determination, both personally and collectively.

Unilateral Force

The use of military or political power by one nation without the support or consent of other countries.

Middle East

A region that encompasses Western Asia and Egypt, known for its historical, cultural, and geopolitical significance.

Unpopular

Lacking popularity or general approval among the general public or specific groups.