Question

Use the Kahl Medical Supplies data from P11-39B. The cash amounts for Interest Revenue, Salaries Expense, Interest Expense, and Income Tax Expense are the same as the accrual amounts for these items.
In P11-39B. The 2012 comparative balance sheet and income statement of Kahl Medical Supplies follow:


Requirements
1. Prepare the 2012 statement of cash flows by the direct method.
2. How will what you learned in this problem help you evaluate an investment in Kahl MedicalSupplies?


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  • CreatedApril 29, 2014
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