Question: Situation & Set-up Now that your skill level and knowledge of the financial statements have dramtically increased, your supervisor has now promoted you to Assistant

Situation & Set-up Now that your skill level and knowledge of the financial statements have dramtically increased, your supervisor has now promoted you to Assistant to the CFO. This is a big promotion becasue you are now working directly for the person overseeing the finances of the organization. In this Mini Case you are facing a different situation. This time you are being asked to prepare a completed cash flow statement. As in the prior Chapter Mini Cases, your organization needs you, but they now need you to step into your new role and actually prepare one of the financial statements: The Cash Flow Statement. Your new supervisor, the CFO, feels confident in your ability to take on this new task. With your prior knowledge and work on the balance sheet and and income statement, the CFO belives you can take all that knowlegde and apply what you have learned about the cash flow statement and prepare the organizations cash flow statement. Your supervisor, the CFO, has assigned you two major tasks: Task #1: Use the balance sheets showing two years and the income statement below and prepare the cash flow statement. Once you are done, you should double

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