Computing cash flows—indirect method [15 min]Use the data in Short Exercise to complete th...

Computing cash flows—indirect method [15 min]

Use the data in Short Exercise to complete this exercise.

Requirement

1. Prepare One Way Cellular’s statement of cash flows using the indirect method for the year ended September 30, 2012. Stop after determining the net increase (or decrease) in cash.

Computing cash flows from operating activities—indirect method [10 min]

One Way Cellular accountants have assembled the following data for the year ended September 30, 2012:

Requirement

1. Prepare the operating activities section using the indirect method for One Way Cellular’s statement of cash flows for the year ended September 30, 2012.