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Describe the direct method for determining net cash flow

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Reference no: EM13887894

1. Why is it advantageous to use a worksheet when preparing a statement of cash flows? Is a worksheet required to prepare a statement of cash flows?

2. Describe the direct method for determining net cash provided by operating activities.

3. Give the formulas under the direct method for com- puting (a) cash receipts from customers and (b) cash payments to suppliers.

Reference no: EM13887894

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