(Learning Objective 3: Evaluating operating cash fl owsindirect method) Examine the statement of cash fl ows of...

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(Learning Objective 3: Evaluating operating cash fl ows—indirect method) Examine the statement of cash fl ows of Clock, Inc.

Suppose Clock’s operating activities provided, rather than used, cash. Identify three things under the indirect method that could cause operating cash fl ows to be positive.

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Financial Accounting International Financial Reporting Standards

ISBN: 9780273777809

1st Global Edition

Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy

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