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NEU Question 1 Given the following information for Sysco Incorporated prepare their statement of cash flows for December 31, 2020 using the indirect method. Also,
NEU Question 1 Given the following information for Sysco 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- 280 85 11 Cash Accounts receivable Interest receivable Inventory Prepaid Expenses Non-current Note receivable Property, plant and Equipment (Net of depreciation) 250 75 6 95 10 90 32 95 125 315 330 Accounts payable Accrued liabilities Common Shares Retained Earnings Net income Depreciation expense Gain on sale of property -20 56 755 60 525 105 100 2 1.5 in 000
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