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Can someone please help! Thank You The income statement disclosed the following items for the year: The changes in the current asset and liability accounts
Can someone please help! Thank You
The income statement disclosed the following items for the year: The changes in the current asset and liability accounts for the year are as follows: a. Prepare the "Cash flows from operating activities" sectlon of the stateiment -of catuh flowit, using the indirect method Use bhe minus sign to indicate cash out fows, cash payments, decreases in cash, or any negative adjustments. Statement of Cash Flows (partial) cash out flows, cash payments, decreases in cash, or any negative adjustments. Statement of Cash Flows (partial) Nuct cash flow from operating activisies b. Why is net cash flows from operating activites different than net income? Gash flows from operatirie activities is based on of accounting, whereas net incocte is computed using accounting. af Step by Step Solution
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