Question: (Learning Objectives 4, 5, 6: Identifying items for the statement of cash fl ows direct method) Selected accounts of Elizabeth Antiques show the following:

(Learning Objectives 4, 5, 6: Identifying items for the statement of cash fl ows—

direct method) Selected accounts of Elizabeth Antiques show the following:

❙ Requirement 1. For each account, identify the item or items that should appear on a statement of cash fl ows prepared by the direct method. State where to report the item.

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