Which is the most important source of cash flows: operating, investing, or financing activities? Defend your response.
What are the advantages of using the direct method of preparing a statement of cash flows over the indirect method? What types of businesses would use each? Why?
Complete Exercises 12.3, 12.4, 12.7, 12.10, & 12.12.
Complete Exercises 13.4, 13.5, & 13.10.
Complete Ch. 13: Problem 13.1A.