Using the data presented for Pesci Ltd. in E172, prepare the operating activities section of the cash

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Using the data presented for Pesci Ltd. in E17–2, prepare the operating activities section of the cash flow statement using the direct method.

Data From E17-2:

Pesci Ltd. is a private company reporting under ASPE. Its income statement and changes in current assets and current liabilities for the year are reported below:

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Accounting Principles Part 3

ISBN: 978-1118306802

6th Canadian edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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