Mortonson plc has not yet prepared a formal statement of cash flows for the 2019 fiscal year.
Question:
Mortonson plc has not yet prepared a formal statement of cash flows for the 2019 fiscal year. Comparative statements of financial position as of December 31, 2018 and 2019, and a statement of income and retained earnings for the year ended December 31, 2019, are presented as follows.
Instructions
Prepare a statement of cash flows using the direct method. Changes in accounts receivable and accounts payable relate to sales and cost of goods sold?
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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