Question

Majestic Corporation had the following 2011 income statement data:
Revenues .............. $100,000
Expenses ............... 60,000
$ 40,000
In 2011, Majestic had the following activity in selected accounts:
Prepare Majestic’s cash flows from operating activities section of the statement of cash flows using
(a) The direct method,
(b) The indirect method.


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  • CreatedAugust 23, 2015
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