Question
1 A-4 Page Break Given the following information for Discount Incorporated prepare their statement of cash flows for December 31, 2019 using the indirect method.
1 A-4 Page Break Given the following information for Discount Incorporated prepare their statement of cash flows for December 31, 2019 using the indirect method. Also, Explain the process of preparing Indirect Cashflow and specify the differences between Indirect and Direct Cashflow methods. Cash Accounts receivable Interest receivable Inventory Prepaid Expenses 2019 2018- 363.00 250 90 10 90 58 10 Non-current - Note receivable 90 125 Property, plant and Equipment (Net of depreciation) 325 330 Accounts payable Accrued liabilities Common Shares Retained Earnings Net income Depreciation expense Gain on sale of property 40 20 45 56 825 755 105 60 100 2 1.5 *in 000s
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