E11-21A. (Learning Objectives 3, 4, 5: Interpreting a statement of cash flows—indirect method) Donald is reviewing his nephews’ cash flows. Huey, Dewey, and Louie all report the same income number ($22,000) and bought the same equipment ($84,000) during the year.

Explain how Huey, Dewey, and Louie fund their respective PPE purchase. Whose cash flow would you rate as the best? The worst?

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