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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Exercise 6-26
Preparing a Statement of Cash Flows from Changes in Balance Sheet Accounts
The comparative balance sheets of Incloud Airlines show the following information for a recent year (amounts in thousands of US$):
Â
| Â | Hide | Â | Â |
Prepare a statement of cash flows for Incloud Airlines for the year. Treat changes in non-operating assets as investing transactions and changes in non-operating liabilities as financing transactions. Use the minus sign to indicate cash outflows or any decrease in cash.
Â
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