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

(Learning Objective 6: Computing cash fl ows from operating activities—direct method) The accounting records of Princeton Pharmaceuticals, Inc., reveal the following

❙ Requirement 1. Compute cash fl ows from operating activities by the direct method. Also evaluate Princeton’s operating cash fl ow. Give the reason for your evaluation.

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