Question

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


Orpheum Movie Theater’s transactions during the year ended June 30, 2014, included:


Requirements
1. Prepare Orpheum Movie Theater Company’s statement of cash flows for the year ended June 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 Orpheum Movie Theater’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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