Statement of Cash FlowsIndirect Method Refer to all of the facts in Problem 12-6. Required 1. Prepare
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Statement of Cash Flows—Indirect Method Refer to all of the facts in Problem 12-6.
Required 1. Prepare a statement of cash fl ows for 2010 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 increased during such an unprofi table year. Include in your memo your recommendations for improving the company’s bottom line.
AppendixLO1
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Related Book For 
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ISBN: 9780538452748
7th Edition
Authors: Curtis L. Norton, Gary A. Porter
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