Starfire Telescopes 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:
Epicranius
A muscle of the scalp consisting of the frontalis and occipitalis muscles which are connected by the epicranial aponeurosis.
Moveable Bone
A moveable bone refers to any bone in the body that is capable of movement or articulation at a joint with another bone.
Fixator
A muscle that stabilizes the origin of another muscle to enable effective movement.
Origin
The point or place where something begins or is derived, or in anatomy, the fixed attachment point of a muscle.
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