Statement of Cash FlowsIndirect Method Refer to all of the facts in Problem 12-6. Presented here are
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Statement of Cash Flows—Indirect Method Refer to all of the facts in Problem 12-6.
Presented here are comparative balance sheets:
Required
1. Prepare a statement of cash flows for 2010 using the indirect method in the Operating Activities section.
2. On the basis of your statement in (1), draft a brief memo to the president to explain why cash increased during such an unprofitable year. Include in your memo your recommendations for improving the company’s bottom line.
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Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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