Question: Refer to the following summarized income statement and additional selected

Refer to the following summarized income statement and additional selected information for Trumasburg, Inc.,


Required:
1. Based on this information, compute cash flow from operating activities using the direct method Assume that prepaid expenses and accrued liabilities related to other expense.
2. What were the major reasons that Trumansburg was able to report a net but positive cash flow from operations? Why are the reasons for the difference between cash flows from operations and net income important to financialanalysts?
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  • CreatedJuly 01, 2014
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