E11-30B. (Learning Objective 3: Computing cash flows from operating activitiesindirect method) The accounting records of Finest Fruit

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E11-30B. (Learning Objective 3: Computing cash flows from operating activities—indirect method) The accounting records of Finest Fruit Traders include these accounts:

Requirement 1. Compute Finest’s net cash provided by (used for) operating activities during October. Use the indirect method. Does Finest have trouble collecting receivables or selling inventory?

How can you tell?

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Financial Accounting International Financial Reporting Standards Global Edition

ISBN: 9781292211145

11th Edition

Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison

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