Question: (Learning Objectives 2, 3, 4, 5, 7: Preparing and analyzing the statement of cash fl owsindirect method) The comparative balance sheets of Maynard Movie Theater

(Learning Objectives 2, 3, 4, 5, 7: Preparing and analyzing the statement of cash fl ows—indirect method) The comparative balance sheets of Maynard Movie Theater Company at June 30, 20X6 and 20X5, reported the following Maynard Movie Theater’s transactions during the year ended June 30, 20X6, included the following:

❙ Requirements 1. Prepare Maynard Movie Theater Company’s statement of cash fl ows for the year ended June 30, 20X6, using the indirect method to report cash fl ows from operating activities.

Report non-cash investing and fi nancing activities in an accompanying schedule.

2. Evaluate Maynard Movie Theater’s cash fl ows for the year, including its free cash fl ow and cash realization ratio. Review all three categories of cash fl ows and give the reason for your evaluation.

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