Question: Prepare a memo explaining: 1. How net income could be positive and operating cash flows negative. Include in your report: 2. How operating cash flows

Prepare a memo explaining: 1. How net income could be positive and operating cash flows negative. Include in your report: 2. How operating cash flows using the indirect method is determined. 3. Whether or not switching to the direct method would change the amount of cash flow from operations.

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