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The Following Cash Flows and Other Information Pertain to Elon

question 64

Essay

The following cash flows and other information pertain to Elon Company for 2016: The following cash flows and other information pertain to Elon Company for 2016:   Prepare the operating activities section of the statement of cash flows for 2016, using the direct method. Prepare the operating activities section of the statement of cash flows for 2016, using the direct method.


Definitions:

Operating Activities

Activities that relate to the primary operations of the company, such as selling products or services.

Dividend Payments

Cash or stock distributions made by a corporation to its shareholders from its earnings.

Borrowed Money

Funds that an individual or organization takes from another party under the condition of returning it back in the future often with interest.

Accounting Communication Process

The system by which financial information is identified, measured, recorded, and communicated to interested parties.

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