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The accounting records of Affordable Pharmaceuticals, Inc., reveal the following: ?click the icon to view the accounting records.) Requirement 1. Prepare cash flows from operating
The accounting records of Affordable Pharmaceuticals, Inc., reveal the following: ?click the icon to view the accounting records.) Requirement 1. Prepare cash flows from operating activities using the direct method. Also evaluate Affordable's operating cash flow. Give the reason for your evaluation. Start by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Cash flows from operating activities Receipts: Collections from customers Collection of dividend revenue Total cash receipts Payments: To suppliers To employees For interest For income tax Total cash payments Net cash provided by (used for) operating activities Evaluate Affordable's operating cash flow. Give the reason for your evaluation. b el cash rovided The operating cash flow is strong This is shown by the net cash provided by operating activities
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