Question: (Learning Objective 3: Computing cash fl ows from operating activitiesindirect method) The accounting records of North East Distributors, Inc., reveal the following: Requirement 1.

(Learning Objective 3: Computing cash fl ows from operating activities—indirect method) The accounting records of North East Distributors, Inc., reveal the following:

❙ Requirement 1. Compute cash fl ows from operating activities by the indirect method. Use the format of the operating activities section of Exhibit 11-6. Also evaluate the operating cash fl ow of North East Distributors. Give the reason for your evaluation.

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