Refer to the information in PA12-2. Required: Prepare the cash flows from operating activities section of the

Question:

Refer to the information in PA12-2.


Required:

Prepare the cash flows from operating activities section of the statement of cash flows using the direct method.


Data From PA12-2

The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are presented below.

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Fundamentals Of Financial Accounting

ISBN: 9781265440169

7th Edition

Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby

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