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The website is being revised and updated. Please check back soon. You may contact me with questions at:. Angel M. Smith.

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Accounting exercises with solutions. Statement of cash flows – indirect method, financial statement analysis. The following information is available from the Carson Company accounting records:. Cash account balances: January 1, 2008, $43,000; December 31, 2008, $18,000. The balance in accounts receivable decreased by $10,000 during the year from $60,000. The company had no short-term investments. Inventory increased $9,000 to $80,000. Cash expenditures during 2008 were:. Posted under: cash flow statements.

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