Question: Given the following information for Vito Incorporated prepare their statement of cash flows for December 31, 2019 using the indirect method. Also, Explain the process
Given the following information for Vito 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. 2019 2018" 394.00 88 12 Cash Accounts receivable Interest receivable Inventory Prepaid Expenses Non-current-Note receivable Property, plant and Equipment (Net of depreciation) 250 90 15 95 52 90 42 90 125 325 330 Accounts payable Accrued liabilities Common Shares Retained Eamings Net income Depreciation expense Gain on sale of property 20 45 825 105 80 40 56 755 60 2 1.5 in 000s
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