Using account balances to determine cash flow from operating activities direct method The following account balances are
Question:
Using account balances to determine cash flow from operating activities—
direct method The following account balances are available for Norstom Company for 2002.
Required (Hint: It may be helpful to assume that all revenues and expenses are on account.)
a. Compute the amount of cash inflow from operating activities.
b. Compute the amount of cash outflow from operating activities.
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Related Book For 
Fundamental Managerial Accounting Concepts
ISBN: 9780073526799
4th Edition
Authors: Thomas Edmonds, Bor-Yi Tsay, Philip Olds
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