Mary Kay Cosmetics Selected Data and Additional Information from the Company's Records Are

question 80

Essay

Mary Kay Cosmetics
Selected data and additional information from the company's records are presented below: Additional information:
-Refer to Mary Kay Cosmetics. Prepare the operating activities section of the statement of cash flows for 2020 assuming the direct method is used to determine net cash flow from operating activities.

---

Definitions:

Pays in Full

Pays in full denotes the complete settlement of a debt or obligation, leaving no outstanding balance.

Accrued Interest

Interest that has been incurred but not yet paid.

Year-End

The end of a fiscal year or calendar year, a significant reporting and assessment time for businesses and individuals for accounting and tax purposes.

Dishonored Note

A promissory note that has not been paid by the maker at maturity, resulting in a default.