Problem 11-4 Lori Crump.zip - (391.82 KB)
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Problem 11-4 Lori Crump/Question.txt
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Lori Crump owns a small trucking operation. The bookkeeper presented Crump with the following income statements and balance sheets for 2010 and 2009.
***SEE SCREENSHOTS***
Crump does not understand how the company can be $17,600 ahead of last year in terms of cash on hand and yet show an $11,000 loss for the year.
Required:
Prepare a cash flow statement (indirect method) to use in explaining this to Lori Crump.
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