Question: 1 Given the following information for Sysco Incorporated prepare their statement of cash flows for December 31, 2019 using the indirect method. Also, Explain the
1 Given the following information for Sysco Incorporated prepare their statement of cash flows for December 31, 2019 using the indirect method. Also, Explain the process of preparing Indirect Cashflow and specify the differences between Indirect and Direct Cashflow methods. Cash Accounts receivable Interest receivable Inventory Prepaid Expenses 2019* 2018* 350 250 95 75 10 6 80 95 58 10 Non-current - Note receivable 90 90 125 Property, plant and Equipment (Net of depreciation) 325 330 Accounts payable 33 20 Accrued liabilities Common Shares Retained Earnings Net income Depreciation expense Gain on sale of property 45 56 825 755 105 60 100 2 1.5 in 000s
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