(L.OBJ. 3) Preparing the Statement of Cash Flows—Indirect method 35-45 min] Accountants...

(L.OBJ. 3) Preparing the Statement of Cash Flows—Indirect method 35-45 min]

Accountants for Smithson, Inc., have assembled the following data for the year ended December 31, 2011:

Requirement

1. Prepare Smithson’s Statement of Cash Flows using the indirect method. Include an accompanying schedule of noncash investing and financing activities.