Question: STATEMENT OF CASH FLOWS UNDER THE DIRECT METHOD Using the information provided in Problem 23-12B for McGinnis Company, prepare the following: 1. A schedule for

STATEMENT OF CASH FLOWS UNDER THE DIRECT METHOD Using the information provided in Problem 23-12B for McGinnis Company, prepare the following:

1. A schedule for the calculation of cash generated from operating activities for McGinnis Company for the year ended December 31, 20-2.

2. A statement of cash flows for McGinnis Company prepared under the direct method for the year ended December 31, 20-2.


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