Data for Fern Galenti, Inc., are presented in P13-7. Further analysis reveals that accounts payable pertain to

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Data for Fern Galenti, Inc., are presented in P13-7. Further analysis reveals that accounts payable pertain to merchandise creditors.

\section*{Instructions}

Prepare a statement of cash flows for Fern Galenti, Inc., using the direct method.

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471169192

1st Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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