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ASSIGNMENT OBJECTIVES: - Practice preparing the direct method statement of cash flows (operating section) REQUIREMENTS: Prepare the operating section of the statement of cash flows
ASSIGNMENT OBJECTIVES: - Practice preparing the direct method statement of cash flows (operating section) REQUIREMENTS: Prepare the operating section of the statement of cash flows for Bonilla Retailers (for the year ended Dec. 31, 2021) under the direct method. For each line described on the prepared direct method statement of cash flows, you must show your work using T-accounts. Bonilla Retailers had the following information on the Income Statement and Statement of Cash Flows (only operating section provided) for 2021. (\$ in thousands). Income Statement Statement of Cash Flows (partial) For the Vear Findad nomamhan ou anos
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