Question: The accountants of Pan American Silver Corp completed the statement

The accountants of Pan American Silver Corp. completed the statement of financial position at June 30, 2012, and the statement of earnings for the quarter ended on that date, and have provided the following information (in thousands of dollars):
1. Prepare the operating activities section of the statement of cash flows. Use the indirect method.
2. Companies that use the direct method to report cash flows from operations are also required to disclose in the notes a reconciliation of net earnings to cash flows from operating activities. What additional information does this disclosure requirement provide to users of financial statements? Explain.

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  • CreatedAugust 04, 2015
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