Statement of Cash FlowsIndirect Method Refer to all of the facts in Problem 12-3. Required 1. Prepare
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Statement of Cash Flows—Indirect Method Refer to all of the facts in Problem 12-3.
Required 1. Prepare a statement of cash flows for 2008 using the indirect method in the Operating Activities section.
2. On the basis of your statement in (1), draft a brief memo to the president to explain why cash decreased during such a profitable year. Include in your explanation any recommendations for improving the company’s cash flow in future years.
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ISBN: 9780324655230
6th Edition
Authors: Gary A. Porter, Curtis L. Norton
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