Use the information concerning HiDef Films, Inc., provided in Problem 13-1 to fulfill the following requirements. Required:
Question:
Use the information concerning HiDef Films, Inc., provided in Problem 13-1 to fulfill the following requirements.
Required:
1. Prepare the statement of cash flows using the direct method for the year ended December 31, 2012.
2. Based on the cash flow statement, write a short paragraph explaining the major sources and uses of cash by HiDef Films during 2012.
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Step by Step Answer:
Req 1 Related Cash Balance sheet at December 31 Flow Section 2012 2011 Change in Cash Cash 68250 63500 4750 10 Net increase in cash O Accounts receiva...View the full answer
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