Following the 4-step approach of preparation of a statement of cash flows to prepare the 2020 statement
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Question:
- Following the 4-step approach of preparation of a statement of cash flows to prepare the 2020 statement of cash flows for Newport. Clearly mark each step. For Step #4, using the indirect method for the operating activities. What additional information should Newport disclose if the indirect method is used for the statement of cash flows?
- Prepare the operating activities portion of the statement of cash flows using the direct method and the analysis in Part 2. What additional information should Newport disclose if the direct method statement of cash flows is reported?
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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