Question: Exercise 2 1 - 2 3 ( Algo ) Cash flows from operating activities ( direct method ) [ LO 2 1 - 3 ]
Exercise Algo Cash flows from operating activities direct methodLO
Portions of the financial statements for Myriad Products are provided below:
tabletableMYRIAD PRODUCTS COMPANYSelected Accounts from Comparative BalanceDecember and $ in millionsYearSheetsCash$ $$ Accounts receivable,InventoryAccounts payable,Salaries payable,Interest payable,Income tax payable,
Required:
Prepare the cash flows from operating activities section of the statement of cash flows for Myrlad Products Company using the direct method.
Note: Cash outtlows should be Indicated with a minus sign. Enter your answers in millions le should be entered as
tableCash Flows from Operating Activities:,$ in millions
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