Question: Data for LaRussa Inc. are presented in P13-9A. Further analysis reveals that accounts payable pertain to merchandise creditors. Instructions Prepare a statement of cash flows

Data for LaRussa Inc. are presented in P13-9A. Further analysis reveals that accounts payable pertain to merchandise creditors.

Instructions

Prepare a statement of cash flows for LaRussa Inc. using the direct method.

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LARUSSA INC Statement of Cash Flows For the Year Ended December 31 2011 Cash flows from operating activities Cash receipts from customers 332980 1 Les... View full answer

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