Question

Data from the comparative balance sheet of Sterling Company at March 31, 2012, follow:


Sterling Company’s transactions during the year ended March 31, 2012, included the following:


Requirements
1. Prepare Sterling Company’s statement of cash flows for the year ended March 31, 2012, using the indirect method to report cash flows from operating activities.
2. Evaluate Sterling’s cash flows for the year. Mention all three categories of cash flows and give the reason for yourevaluation.


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  • CreatedApril 29, 2014
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