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Marvelous Digital Services, Inc. has provided the following data from the company's records for the year just ended December 31: II (Click the icon to
Marvelous Digital Services, Inc. has provided the following data from the company's records for the year just ended December 31: II (Click the icon to view the data Prepare the statement of cash flows for Marvelous Digital Services, Inc., using the direct method for cash flows from operations. Note that you willneed to calculate the ending balance of cash and cash equivalents. Include a schedule of noncash investing and financing activities 2. Evaluale Marvelous's cash ows for the year. Discuss each of the categories of cash flows in your response. Requirement 1. Prepare the statement of cash flows for Marvelous Digital Services, Inc, using the direct method for cash flows from operations. Note that you will need to calculate the ending balance of cash and cash equivalents. Include a schedule of noncash investing and financing activiies Prepare the statement one section at a time. (Use parentheses or a minus sign for numbers to be subtracted or for a net cash outflow Marvelous Digital Services, Inc Statement of Cash Flows (Direct Method For the Year Ended December 31 Operating Activities Net cash provided by (used for) operating activities Net cash provided by (used for) investing activities Net cash provided by (used for) financing activiies Net increase (decrease) in cash Cash, beginning of the year Cash, end of the year Noncash investing and financing transactions: Total noncash investing and financing activities Requirement 2. Evaluate Marvelous's cash flows for the year. Discuss each of the categories of cash flows in your response. The year was a year from a cash-flow standpoint Operations cash, and the company was to issue new stock, which means the failth in the company
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