Question: Refer to the financial statement data for Eaton Company in Problem 15-10. Required: 1. Using the direct method, adjust the companys income statement for 2008

Refer to the financial statement data for Eaton Company in Problem 15-10.
Required:
1. Using the direct method, adjust the company’s income statement for 2008 to a cash basis.
2. Using the information obtained in (1) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for 2008.

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