Refer to all of the facts in Problem 12-11. Required 1. Prepare a statement of cash flows

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Refer to all of the facts in Problem 12-11.

Required

1. Prepare a statement of cash flows for 2012 using the indirect method in the Operating Activities section.

2. Evaluate the following statement: Whether a company uses the direct or indirect method to report cash flows from operations is irrelevant because the amount of cash flow from operating activities is the same regardless of which method is used.

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Related Book For answer-question

Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1111534912

8th edition

Authors: Gary A. Porter, Curtis L. Norton

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Question Posted: Nov 25, 2016 11:31 AM

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Refer to all of the facts in Problem 12-11. Required 1. Prepare a statement of cash flows

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1 GLENDIVE CORP STATEMENT OF CASH FLOWS FOR THE YEAR ENDED JUNE 30 2012 Cash Flows from Operating Ac...View the full answer

Using Financial Accounting Information The Alternative to Debits and Credits

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