Question

SDPS Inc. provides airport transportation services in southern California. An income statement for 2011 and balance sheets for 2011 and 2010 appear below.

Required:
1. Prepare a statement of cash flows, using the indirect method to compute net cash flow from operating activities.
2. Explain what has been responsible for the decrease in cash.
3. Determine how SDPS financed its increase in net property, plant, and equipment during a period in which it had a substantial net loss.


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  • CreatedSeptember 22, 2015
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