Use the following excerpts from Zowleski Company’s financial information to prepare a statement of cash flows (indirect method) for the year 2018.
Cash Flow Statement: It is a statement which tells company about the cash inflow and the outflow of the cash. It is divided into three category first is cash flow from operating activity, second is cash flow from Investing activity and last is financing activity.
Cash flow statement.
The statement of cash flow is explained as follows:
|Statement showing cash flow statement|
|Cash Flow From Operating Activities:|
|Profit before change in working capital||32400|
|Add: Accounts Receivable||900|
|Less: Change in Inventory||-9000|
|Less: Change in Accounts Payable||-2500|
|Add: Change in Notes Payable||15500||4900|
|Operating Cash flow (A)||37300|
|Cash Flow From Investing Activities:|
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