Statement of cash flows-indirect method

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Reference no: EM13953198

Statement of Cash Flows-Indirect Method

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1. Prepare a statement of cash flows for 2014 using the indirect method in the Operating Activ- ities section.

2. Evaluate the following statement: Whether a company uses the direct or indirect method to report cash flows from operations is irrelevant because the amount of cash flow from operat- ing activities is the same regardless of which method is used.

Reference no: EM13953198

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