(Learning Objectives 2, 4, 5, 6: Preparing the statement of cash fl owsdirect method) Use the King...

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(Learning Objectives 2, 4, 5, 6: Preparing the statement of cash fl ows—direct method) Use the King Supply Corp. data from Problem P11-73B.

❙ Requirements 1. Prepare the 20X6 statement of cash fl ows by using the direct method.

2. How will what you learned in this problem help you evaluate an investment?

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