Preparing Net Cash Flows from Operating Activities-Direct Method
Yogurt Plus, a restaurant, collected the following information on inflows and outflows for 2019:
Yogurt Plus had a cash balance of $21,800 at 1/1/2019.
Required:
1. Prepare a statement of cash flows using the direct method to determine net cash flow from operating activities.
2. CONCEPTUAL CONNECTION What can you conclude by examining the patterns in Yogurt Plus’s cash flows?
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