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The accounting records of Continental Corporation reveal the following at its year-end July 31, 2020: (Click the icon to view the accounting records.) Required 1.

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The accounting records of Continental Corporation reveal the following at its year-end July 31, 2020: (Click the icon to view the accounting records.) Required 1. Compute cash flows from operating activities by the indirect method 2. Evaluate Continental Corporation's operating cash flows as being either strong or weak Requirement 1. Complete the operating activities section of the cash flow statement using the Indirect method. (Use minus sign or parentheses for numbers to be subtracted or for cash outflows. Continental Corporation Cash Flow Statement partial) For the Year Ended July 31, 2020 Cash flows from operating activities Add (subtract) items that affect net income and cash flow differently The accounting records of Continental Corporation reveal the following at its year-end July 31, 2020: (Click the icon to view the accounting records.) Required 1. Compute cash flows from operating activities by the indirect method. 2. Evaluate Continental Corporation's operating cash flows as being either strong or weak. Add (subtract) items that affect net income and cash flow differently Net cash flow from operating activities Requirement 2. Evaluate Continental Corporation's operating cash flows as being either strong or weak. The operating cash flows are Choose from any list or enter any number in the input fields and then continue to the next question. i Data Table -X S Acquisition of land. Amortization $ 290,000 Cash sales. 60,000 Collection of accounts receivable 465,000 Increase in current assets 180,000 other than cash 130,000 Loss on sale of land Net income 1,135,000 Payment of accounts payable Payment of dividends.. 120,000 Payment of income tax. Payment of interest 310,000 Payment of salaries 300,000 576,000 100,000 Collection of dividend revenue 96.000 206,000 Decrease in current liabilities 455,000 Print Done O JEL

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