(Supplement A) Preparing a Statement of Cash Flows (Direct Method) (AP13-3)
Use the information concerning HiDef Films, Inc., provided in Problem 13-1 to fulfill the following requirements.
Required:
1. Prepare the statement of cash flows using the direct method for the year ended December 31, 20 12.
2. Based on the cash flow statement, write a short paragraph explaining the major sources and uses of cash by HiDef Films during 2012.
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