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Fanning Brands, Incorporated, presents its statement of cosh flows using the indirect method. The following accounts and corresponding bolances were drown from Fanning's Year 2
Fanning Brands, Incorporated, presents its statement of cosh flows using the indirect method. The following accounts and corresponding bolances were drown from Fanning's Year 2 and Year 1 year-end bolance sheets. Assume that Accounts Poyable is used for purchoses of inventory only. The Yeor 2 income stotement is shown below: Required a. Prepore the opersting octivities section of the statement of cosh flows using the direct method. b. Prepore the opersting sctivities section of the stotement of cosh flows using the indirect method. Complete this question by entering your answers in the tabs below. Prepare the operating activities section of the statement of cash flows using the direct method. Note: Cash outflows should be indicated with minus sign
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