Accountants for Blondies Confectionary Ltd. have assembled the following data for the year ended December 31, 2014:

Question:

Accountants for Blondies Confectionary Ltd. have assembled the following data for the year ended December 31, 2014:

Accountants for Blondies Confectionary Ltd. have assembled the following data

Transaction data for 2014:

Accountants for Blondies Confectionary Ltd. have assembled the following data

Required
1. Prepare Blondies Confectionary Ltd.'s cash flow statement, using the indirect method to report operating activities. Include a note regarding noncash investing and financing activities.
2. Evaluate Blondies Confectionary Ltd.'s cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation.

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Accounting

ISBN: 978-0132690089

9th Canadian Edition volume 2

Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood

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