Cash Flows from Operating Activities-Indirect Method

question 80

Essay

Cash flows from operating activities-indirect method
The data below are taken from the financial statements of the Spectrum Corporation: Complete the partial statement of cash flows for the year ended December 31,2015,showing the computation of net cash flows from operating activities by the indirect method:

---

Definitions:

U.S. Constitution

The supreme law of the United States, establishing the framework of the national government, fundamental principles, and rights of citizens.

Treaties

Formal agreements between two or more sovereign states, outlining the terms of the agreement and governed by international law.

Statutory Law

The body of written laws enacted by the legislature.

International Law

The law that governs relations among nations. International customs and treaties are generally considered to be two of the most important sources of international law.