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The 2021 and 2020 comparative balance sheets and 2021 income statement of Plumbing Supply Corp. folow (Click the icon to view the comparative balance sheet.)
The 2021 and 2020 comparative balance sheets and 2021 income statement of Plumbing Supply Corp. folow (Click the icon to view the comparative balance sheet.) (Click the icon to view the income statement) Plumbing Supply had no noncash investing and financing transactions during 2021 . Duting the year, there were no sales of land or equipment, no payment of notes payabls, no retirements of stock, and no treasury stock transactions Read the reguitements Requirement 1. Prepare Plumbing Supply's 2021 statement of cash flows. Use the indirect melhod to format operating activities. Start by completing the cash flows from operating activities. Then complete each section of the statement of cash flows. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Data table Data table Data table Requirement 1. Prepare Plumbing Supply's 2021 statement of cash flows. Use the indirect method to format operating activities Start by completing the cash flows from operating activities. Then complete each section of the statement of cash flows. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash) net cash provided hu anarntin . ....... Cash flows from financing activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Requirement 2. How can the concepts used in this problem help you evaluate an investment? A. Leam how operating activities, investing activities, and financing activities generate cash receipts and cash payments B. Learn how companles prepare the statement of cash flows in order tounderstand the meaning of cash flows from the three basic categories of business activities C. Both A and B D. None of the above
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