Question: Using the indirect method, prepare the portions of the Statement of Cash Flows of Bayshore Industries, Inc. shown below for the year ended December 31,
Using the indirect method, prepare the portions of the Statement of Cash Flows of Bayshore Industries, Inc. shown below for the year ended December 31, Year 2. Double-click on a shaded cell in the Statement of Cash Flows below and choose an activity name from the dropdown list. Next to each activity, enter the appropriate value. Enter negative numbers with a leading minus (-) sign. Each item in the dropdown list may be used once, more than once, or not at all. Some of the shaded cells in the table may not be used in the completion of this task. Note: To use a formula in the spreadsheet, it must be preceded by an equal sign (e.g., =A1+B1). Note: It is unlikely that the CPA Exam will include a task that requires you to complete a statement of cash flows in its entirety. We have provided this detailed task in order to give you extra practice.
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