Data for Arma Inc. are presented in P17-9A. Further analysis

Data for Arma Inc. are presented in P17-9A. Further analysis reveals that accounts payable pertain to merchandise creditors.
Instructions
Prepare a statement of cash flows for Arma Inc. using the direct method.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...

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