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Most companies use the Indirect Method of reporting for the Statement of Cash Flows. The required supplemental information disclosures for this method are: a. The
Most companies use the Indirect Method of reporting for the Statement of Cash Flows. The required supplemental information disclosures for this method are:
a. | The toys generating the highest sales | |
b. | Cash paid during the year for income taxes and interest | |
c. | Reconcilation of net income to cash by operating activities | |
d. | Income tax payable and interest payable | |
e. | Item by item conversion from accrual to cash basis |
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