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Given the following information for Ushe Incorporated prepare their statement of cash flows for December 31, 2020 using the indirect method. Also, Explain the process
Given the following information for Ushe Incorporated prepare their statement of cash flows for December 31, 2020 using the indirect method. Also, Explain the process of preparing Indirect Cashflow and specify the differences between Indirect and Direct Cashflow methods. 2020* 2019* 346 270 90 80 8 11 100 95 Cash Accounts receivable Interest receivable Inventory Prepaid Expenses Non-current - Note receivable Property, plant and Equipment (Net of depreciation) 32 10 95 125 370 330 40 20 34 43 825 Accounts payable Accrued liabilities Common Shares Retained Earnings Net income Depreciation expense Gain on sale of property 755 60 105 100 2 1.5 * in 000s
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