The current assets and liabilities sections of the comparative balance sheets of Regent Inc., a private entity

Question:

The current assets and liabilities sections of the comparative balance sheets of Regent Inc., a private entity reporting under ASPE, at December 31 are presented below, along with the income statement:

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Instructions

Prepare the operating section of the cash fl ow statement using the direct method.

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Accounting Principles Volume 2

ISBN: 978-1119502555

8th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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