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Exercise 14-2A (Algo) Use the indirect method to determine cash flows from operating activities LO...

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Accounting

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Exercise 14-2A (Algo) Use the indirect method to determine cash flows from operating activities LO 14-1 Munoz tncorporated presents lis statement of cash flows using the indirect method. The following accounts and cocresponding bolances were drawn from the company's Year 2 and Year 1 year-end batance sheets. The Yeat 2 income stotement showed net income or $25,400. Required Prepare the operating activities section of the statement of cash fows. Note: Amounts to be deducted should be indicated with minus sign. balances were drawn from the company's Year 2 and The Year 2 income statement showed net income of Note: Amounts to be deducted should be indicated with minus s The Year 2 income statement showed net income of $25,400. Required Prepare the operating activities section of the statement of cash flows. Note: Amounts to be deducted should be indicated with minus sign

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