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Prepare the operating activities section—direct method.
Data for Mazor Company are presented in P12-3A.
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Prepare the operating activities section of the statement of cash flows using the direct method.
P12-3A
Prepare the operating activities section—indirect method.
The income statement of Mazor Company is presented here.
Additional information:
1. Accounts receivable decreased $380,000 during the year, and inventory decreased $300,000.
2. Prepaid expenses increased $150,000 during the year.
3. Accounts payable to suppliers of merchandise decreased $350,000 during the year.
4. Accrued expenses payable decreased $100,000 during the year.
5. Administrative expenses include depreciation expense of $110,000.
Instructions
Prepare the operating activities section of the statement of cash flows for the year ended
November 30, 2012, for Mazor Company, using the indirect method.
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