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Question 1 Given the following information for Sysco Incorporated prepare their statement of cash flows for December 31, 2020 using the indirect method. Also,
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* Cash Accounts receivable Interest receivable 280 250 85 75 11 6 Inventory Prepaid Expenses 90 95 32 10 Non-current- Note receivable 95 125 Property, plant and Equipment (Net of depreciation) 315 330 Accounts payable 32 20 Accrued liabilities 23 56 Depreciation expense Common Shares Retained Earnings Net income Gain on sale of property 825 755 105 60 100 2 1.5 * in 000s
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