Using the data provided in problem 5- 101, prepare a cash flow analysis for the interim period

Question:

Using the data provided in problem 5- 101, prepare a cash flow analysis for the interim period ending July 31, 1986. Additional information required for this analysis includes the following:

• Depreciation for the period is $ 105,651.

• Amortization of goodwill for the period is $ 618.

• All deferred tax adjustments are noncash in nature.

Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...