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Accounting

St. Joe's Inc. reported a $15,000 net loss for 2008. Below are the increases and decreases in selected accounts for 2006:
Accounts Receivable $10,000 increase
Inventory 2,000 decrease
Prepaid Expense 5,000 decrease
Accounts Payable 3,000 increase
Interest Payable 2,000 decrease
Accumulated Depreciation 8,000 increase
St. Joe's Inc. had no changes in its plant or equipment.

Required:
Prepare the operating activities section of the statement of cash flows for St. Joe's Inc. for 2008, using the indirect method.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M944992

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