Table 17-6
The income statement and partial balance sheet for the Jefferson Company is presented below.
Jefferson Company
Income Statement
For the Year Ended December 31, 2017 
Jefferson Company
Partial Balance Sheet
December 31,2017 
-Refer to Table 17-6.Prepare the operating activities section of the cash flow statement using the direct method.
Definitions:
Existing Product Improvements
Enhancements made to products already available in the market to increase their value, functionality, or appeal to consumers.
Process Innovation
The adoption of a novel or substantially enhanced method for producing or distributing offerings in business processes.
Assembly Method
A process in manufacturing where parts are put together to make a final product.
Marginal-Utility-To-Price Ratio
The comparison of the additional satisfaction obtained from consuming one more unit of a good to its cost.
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