Using the information from Problem 16-2B and the additional information provided, prepare a statement of cash flows using the direct method of presenting cash flows from operating activities.

The income statement of TorMax Technology Inc. for the year ended December 31, 2015, is as follows:

Instructions

Using the information from Problem 16-2B and the additional information provided, prepare a statement of cash flows using the direct method of presenting cash flows from operating activities.

“Get 15% discount on your first 3 orders with us”
Use the following coupon
FIRST15

Order Now