(L. OBJ. 4) Preparing the Statement of Cash Flows—direct method [35-45 min]
SKG, Inc., accountants have developed the following data from the company’s accounting records for the year ended November 30, 2011:
Requirement
1. Prepare SKG’s Statement of Cash Flows for the year ended November 30, 2011. Use the direct method for cash flows from operating activities.
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