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The income statement and additional data of Best Life Ltd. follow: (Click the icon to view the income statement.) (Click the icon to view the

image text in transcribed The income statement and additional data of Best Life Ltd. follow: (Click the icon to view the income statement.) (Click the icon to view the additional data.) Requirements 1. Prepare Best Life, Inc.'s statement of cash flows and accompanying schedule of non-cash investing and financing activities. Report operating activities by the direct method. 2. Evaluate Best Life's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the reason for your evaluation. Requirement 1. Prepare Best Life Ltd.'s, statement of cash flows and accompanying schedule of non-cash investing and financing activities. Report operating activities by the direct n Start by completing the cash flows from operating activities. Then, complete the rest of the statement of cash flows and accompanying schedule of non-cash investing and financing ac Income Statement The income statement and additional data of Best Life Ltd. follow: (Click the icon to view the income statement.) (Click the icon to view the additional data.) Requirements 1. Prepare Best Life, Inc.'s statement of cash flows and accompanying schedule of non-cash investing and financing activities. Report operating activities by the direct method. 2. Evaluate Best Life's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the reason for your evaluation. Requirement 1. Prepare Best Life Ltd.'s, statement of cash flows and accompanying schedule of non-cash investing and financing activities. Report operating activities by the direct n Start by completing the cash flows from operating activities. Then, complete the rest of the statement of cash flows and accompanying schedule of non-cash investing and financing ac Income Statement

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