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Prepare loveless cash flows from operating activities

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Reference no: EM131110681

Loveless Corporation had the following 2010 income statement.

Revenues $100,000
Expenses 60,000$ 40,000

In 2010, Loveless had the following activity in selected accounts. Prepare Loveless's cash flows from operating activities section of the statement of cash flows using 

(a) The direct method and 

(b) The indirect method. 

556_11-b-a-b-s-c-f--65-.jpg

Reference no: EM131110681

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