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Problem 21-7 (Algo) Cash flows from operating activities (direct method) derived from an income statement and cash flows from operating activities (indirect method) [L0213,214] The
Problem 21-7 (Algo) Cash flows from operating activities (direct method) derived from an income statement and cash flows from operating activities (indirect method) [L0213,214] The income statement and a schedule reconciling cash flows from operating activities to net income are provided below for Macrosof Corporation. Required: Prepare the cash flows from operating activities section of the statement of cash flows (direct method). Note: Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50). Amounts to be deducted should be indicated with a minus sign
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