Question: Use the information concerning MetroVideo Inc. provided in Problem 13-1 to fulfill the following requirements. Required: 1. Prepare the statement of cash flows using the

Use the information concerning MetroVideo 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, 2011.
2. Based on the cash flow statement, write a short paragraph explaining the major sources and uses of cash by MetroVideo during 2011.

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Req1 Related Cash Balance sheet at December 31 Flow Section 2011 2010 Change in Cash Cash 68250 65500 2750 10 Net increase in cash O Accounts receivab... View full answer

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