Question

From the financial statements and additional information provided in Problem 21A-1 for Danley Company, prepare a statement of cash flows using the direct method.
In Problem 21A-1, from the following income statement (Figure 21.15), balance sheet (Figure 21.16), and additional data for Danley Company, prepare a statement of cash flows using the indirect method.

In Figure 21.15
DANLEY COMPANY
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2012


In Figure 21.16
DANLEY COMPANY
BALANCE SHEET
DECEMBER 31,2012


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  • CreatedApril 24, 2014
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