Use the information concerning McPherson Construction Supply provided in Alternate Problem 13-1 to fulfill the following requirements.
Question:
Required:
1. Prepare the statement of cash flows using the direct method for the year ended December 31, 2011.
2. Evaluate the statement of cash flows.
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Req 1 Related Cash Balance sheet at December 31 Flow Section 2011 2010 Change in Cash Cash 34000 29000 5000 10 Net increase in cash O Accounts receiva...View the full answer
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