The cash flows from operating activities under indirect method.

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Chapter 11, Problem 11.29BE

To determine

To prepare: The cash flows from operating activities under indirect method.

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Total cash inflow in the operating section of the statementof cash flows should include which of the following?a. Cash received from customers at the point of sale.b. Cash collections from customer accounts receivable.c. Cash received in advance of revenue recognition(unearned revenue).d. All of the above.

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Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at Decenber 31 This Year Last Year Ansets Canh and canh equivalents Accounte receivable Inventory Prepaiafexpenses Total chrrent assets Property, plant, and equi pnent Less accumulated depreeiation Net property, plant, and equipnent Long-term investmenta 15 19 430 290 150 7 195 602 509 600 105 490 40 450 495 18 39 Total asseta $1,115 $ 998 Liabilities and Stockholders' Equity Accounts payable Acerued liabilities Income taxes payable Total current liabilitien Bonds payable Total liabilities $ 310 65 76 245 80 69 451 250 394 190 701 584 Common stock Retained earnings Total stockholders equity 338 400 76 14 414 $1,115 414 Total liabilities and stockholders' equity 998 Meaver Company Incone Statement For This Year Ended Decenber 31 Sales $790 Cost of gooda sold Gross margin Selling and administrative expenses Net operating income Nonoperating itema: Gain on sale of investments Loss on sale…