Project 2. Select a company and obtain its annual report, including all the financial statements.

Focus on the statement of cash flows and, in particular, the cash flows from operating activities. Specify whether the company uses the direct method or the indirect method to report operating cash flows. As necessary, use the other financial statements (Income Statement, Balance Sheet, and statement of changes in equity) and the notes to prepare the company’s cash flows from operating activities by using the other method.