Following is a partially completed statement of cash ows for
Following is a partially completed statement of cash flows for Purr N Fur Company.
Required:
(a) What method does Purr N Fur Company use to prepare its statement of cash flows? How does the method used differ from the alternative?
(b) Complete Purr N Fur’s statement of cash flows.
(c) What was Purr N Fur’s largest source of cash during the year in question?
(d) Based on the SCF, how would you assess Purr N Fur’s performance during the year?
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