Question

The comparative balance sheets of Majestic Movie Theater Company at September 30, 2014 and 2013, reported the following:


Majestic’s transactions during the year ended September 30, 2014, included the following:


Requirements
1. Prepare Majestic Movie theater Company’s statement of cash flows for the year ended September 30, 2014, using the indirect method to report cash flows from operating activities. Report noncash investing and financing activities in an accompanying schedule.
2. Evaluate Majestic’s cash flows for the year. Mention all three categories of cash flows, and give the reason for yourevaluation.


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  • CreatedJuly 25, 2014
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