Question
1. Does Johnson &Johnson use the direct or indirect method for computing cash flows from operating activities? What effect does depreciation have on cash flows?
1. Does Johnson &Johnson use the direct or indirect method for computing cash flows from operating activities? What effect does depreciation have on cash flows? Have receivables, inventories, and payables had positive or negative effects on cash flows from operating activities?
2. What is the most important investing activity for the company in the most recent year?
3. What is the most important financing activity for the company in the most recent year?
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
4th Edition
0132423502, 978-0132423502
