Selected information regarding a company's most recent quarter follows (all data in thousands) .
What was direct materials used for the quarter?
Definitions:
Income Taxes
Taxes imposed by the government on the income generated by individuals, businesses, and other entities within their jurisdiction.
Statement of Cash Flows
A financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company, showing how the company's operations are running, where its money is coming from, and how it is being spent.
Indirect Method
A way of presenting the cash flow statement where net income is adjusted for non-cash transactions, depreciation, and changes in working capital to calculate cash flow from operating activities.
Operating Activities
Operating activities involve the day-to-day functions that are directly related to producing and delivering a company's goods and services, contributing to cash inflows and outflows during a period.
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