(Appendix 11A) Preparing Net Cash Flows from Operating Activities-Direct Method Yogurt Plus, a restaurant, collected the following...
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(Appendix 11A) Preparing Net Cash Flows from Operating Activities-Direct Method Yogurt Plus, a restaurant, collected the following information on inflows and outflows for 2018:
Yogurt Plus had a cash balance of \(\$ 21,800\) at \(1 / 1 / 18\).
\section*{Required:}
1. Prepare a statement of cash flows, using the direct method to determine net cash flow from operating activities.
2. What can you conclude by examining the patterns in Yogurt Plus's cash flows?
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Related Book For
Cornerstones Of Financial Accounting
ISBN: 9780176707125
2nd Canadian Edition
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
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