Balance sheet questions
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P4-3A The income statement of Dreamworks International Co. for the year ended December
31, 2002, reported the following condensed information.
Dreamworks' balance sheet contained the following comparative data at December 31.
Dreamworks has no depreciable assets. (Accounts payable pertains to operating expenses.)
Instructions
Prepare the operating activities section of the statement of cash flows using the direct
method.
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Solution Summary
This shows a condensed balance sheet and asks to prepare operating activities section.
Solution Preview
Direct Method:
Revenue： ...
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