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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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