Question: (Learning Objective 3: Computing cash fl ows from operating activitiesindirect method) The accounting records of Lawrence Fruit Traders include these accounts: Requirement 1. Compute

(Learning Objective 3: Computing cash fl ows from operating activities—indirect method) The accounting records of Lawrence Fruit Traders include these accounts:

❙ Requirement 1. Compute Lawrence’s net cash provided by (used for) operating activities during October. Use the indirect method. Does Lawrence have trouble collecting receivables or selling inventory? How can you tell?

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