Sagaworth Inc.reported the following information:
Prepare the operating activities section of the statement of cash flows for the year ended December 31,2019 using the indirect method.
Definitions:
Ordinary Care
The level of attention, caution, and prudence that a reasonable person in similar circumstances would exercise to avoid harm.
Incompetent Person
An individual legally declared unable to handle their own affairs due to mental or physical incapacity.
Guardian
A person legally appointed to manage and make decisions for someone who is unable to take care of their personal affairs, such as a minor or incapacitated individual.
Sufficient Funds
A term referring to the adequate amount of money in an account to cover drafts, checks, or transactions.
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