(L. OBJ.4) Preparing the Statement of Cash Flows —direct method [45—60 min]
To prepare the Statement of Cash Flows, accountants for B-Mobile, Inc., have summarized 2010 activity in the Cash account as follows:
Requirement
1. Prepare B-Mobile’s Statement of Cash Flows for the year ended December 31, 2010, using the direct method to report operating activities.
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