The accounting records of Flypaper Airlines Inc. reveal the following transactions and events for the year ended

Question:

The accounting records of Flypaper Airlines Inc. reveal the following transactions and events for the year ended March 31, 2021:

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Additional information:

Flypaper Airlines? cash on April 1, 2020, was $35,000.

Instructions

Assuming Flypaper reports under ASPE, prepare a cash fl ow statement using the direct method.

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Related Book For  book-img-for-question

Accounting Principles Volume 2

ISBN: 978-1119502555

8th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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