Essay
The following selected data for Flower Bed Inc.for 2017 were gathered by its accountants,who are responsible for preparing the financial statements:
The cash account on January 1,2017,had a balance of $15,000 and a balance of $208,500 on December 31,2017.
Other data gathered by the accountants for 2017:
Prepare the cash flow statement for the year ended December 31,2017,using the direct method under ASPE.
Correct Answer:
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