Question
MYRIAD PRODUCTS COMPANYSelected Accounts from Comparative Balance SheetsDecember 31, 2024 and 2023($ in millions) YearChange20242023Cash$ 132$ 126$ 6Accounts receivable257271(14)Inventory463476(13)Accounts payable1931867Salaries payable105112(7)Interest payable51465Income tax payable42366 Required:
MYRIAD PRODUCTS COMPANYSelected Accounts from Comparative Balance SheetsDecember 31, 2024 and 2023($ in millions) YearChange20242023Cash$ 132$ 126$ 6Accounts receivable257271(14)Inventory463476(13)Accounts payable1931867Salaries payable105112(7)Interest payable51465Income tax payable42366
Required:
Prepare the cash flows from the operating activities section of the statement of cash flows for Myriad Products Company using the indirect method.
Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Cash outflows should be indicated with a minus sign.
Required: Prepare the cash flows from the operating activities section of the statement of cash flows for Myriad Products Company using the indirect method. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Cash outflows should be indicated with a minus sign. Required: Prepare the cash flows from the operating activities section of the statement of cash flows for Myriad Products Company using the indirect method. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Cash outflows should be indicated with a minus sign
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