Question: E11-23A. (Learning Objective 6: Computing cash flows from operating activitiesdirect method) The accounting records of Princeton Pharmaceuticals, Inc., reveal the following: Requirement 1. Compute cash

E11-23A. (Learning Objective 6: Computing cash flows from operating activities—direct method) The accounting records of Princeton Pharmaceuticals, Inc., reveal the following:

Requirement 1. Compute cash flows from operating activities by the direct method. Also evaluate Princeton’s operating cash flow. Give the reason for your evaluation.

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