Prepare in good form of cash flows for anderson corporation

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Problem 1: Prepare, in good form (showing essential information), a statement of cash flows for Anderson Corporation for the year ended December 31, 20X2, assuming that management of the company has decided to present the amount paid for interest expense and the amount received for interest income in the "Operating Activities" section of the statement. Also assume that management has decided to use the indirect method for reporting cash flows from operating activities. For the purpose of this part of the question, you are specifically instructed to ignore the IFRS requirements regarding the separate disclosure of cash flows from interest and dividends received and paid (IAS7, para. 31) and separate disclosure of cash flows arising from taxes on income (LAS7, para. 35).

Reference no: EM132478636

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