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PA12-2 Computing Cash Flows from Operating Activities (Indirect Method) The income statement and selected balance sheet information for Direct Products Company for the year ended

PA12-2 Computing Cash Flows from Operating Activities (Indirect Method)

The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are presented below. Required: Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

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