Yogurt Plus, a restaurant, collected the following information on inflows and outflows for 2011: Yogurt Plus had
Question:
Yogurt Plus had a cash balance of $21,800 at 1/1/11.
Required:
1. Prepare a statement of cash flows, using the direct method to determine net cash flow from operating activities.
2. What can you conclude by examining the patterns in Yogurt Plus€™s cash flows?
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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