(L. OBJ. 4) Preparing the Statement of Cash Flows—direct method [35-45 min] KTG, Inc.,...

(L. OBJ. 4) Preparing the Statement of Cash Flows—direct method [35-45 min]

KTG, Inc., accountants have developed the following data from the company’s : accounting records for the year ended November 30, 2011:

Requirement

1. Prepare KTG’s Statement of Cash Flows for the year ended November 30, 2011. Use the direct method for cash flows from operating activities.