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The income statement and additional data of Newman Travel Products, Inc., follow: ( Click the icon to view the income statement. ) ( i )
The income statement and additional data of Newman Travel Products, Inc., follow: Click the icon to view the income statement.iClick the icon to view the additional data. Requirements Prepare Newman's statement of cash flows for the year ended December using the indirect method. Evaluate the company's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the rationale for your evaluation. Requirement Prepare Newman's statement of cash flows for the year ended December using the indirect method. decrease in cash. Newman Travel Products, Inc. Statement of Cash Flows Indirect Method Year Ended December Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by used for operating activities: Data table Newman Travel Products, Inc. Income Statement Year Ended December Revenues: Service revenue $ Dividend revenue $ Expenses:
The income statement and additional data of Newman Travel Products, Inc., follow:
Click the icon to view the income statement.iClick the icon to view the additional data.
Requirements
Prepare Newman's statement of cash flows for the year ended December using the indirect method.
Evaluate the company's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the rationale for your evaluation.
Requirement Prepare Newman's statement of cash flows for the year ended December using the indirect method.
decrease in cash.
Newman Travel Products, Inc.
Statement of Cash Flows Indirect Method
Year Ended December
Cash flows from operating activities:
Adjustments to reconcile net income to
net cash provided by used for operating activities:
Data table
Newman Travel Products, Inc.
Income Statement
Year Ended December
Revenues:
Service revenue
$
Dividend revenue
$
Expenses:
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