Question: Using the data presented for Pesci Ltd. in E172, prepare the operating activities section of the cash flow statement using the direct method. Data From

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:

Using the data presented for Pesci Ltd. in E17–2, prepare the operating

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