1) prepare the statement of cash flows for the year ended December 31, 2022 for Dechamps LTD using the indirect method.

2) prepare the operating activities, section of the statement using the direct format.

interest paid as operating activities and dividends paid as financing activitics. Their Comparative Statement of Financial Position and Income Statement for the year ended December 31,2022 are shown below: 1. The cash cquivalents are typically term deposits that are very liquid and mature on average in 60 days. The bank overdrafts are temporary and meverse within a few davs. Deschamns has onted to show these as cash and cash eauivalents an its statement of cash flows