(a) In budgetary bookkeeping, a cash flow statement, otherwise called statement of cash flows , is a fiscal report that demonstrates how changes in monetary record records and pay influence cash and cash reciprocals, and separates the examination to operating, investing, and financing activities. To compute: Prepare the net cash flows from operating activities using the indirect method.

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Chapter 11, Problem 53PSA

To determine

(a)

In budgetary bookkeeping, a cash flow statement, otherwise called statement of cash flows, is a fiscal report that demonstrates how changes in monetary record records and pay influence cash and cash reciprocals, and separates the examination to operating, investing, and financing activities.

To compute:

Prepare the net cash flows from operating activities using the indirect method.

To determine

(b)

In budgetary bookkeeping, a cash flow statement, otherwise called statement of cash flows, is a fiscal report that demonstrates how changes in monetary record records and pay influence cash and cash reciprocals, and separates the examination to operating, investing, and financing activities.

To discuss:

What are the causes of the major differences between net income and net cash flow from operating activities?

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