Avatar Company Uses the Direct Method to Prepare Its Statement

question 77

Essay

Avatar Company uses the direct method to prepare its statement of cash flows. Please refer to the following financial statement information for the year 2014:
Additional information provided:
Please prepare a complete statement of cash flows using the direct method, in the following format:

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Definitions:

Billion

A numerical value equal to 1,000 million in the American system, and 1,000,000 million in systems that use the long scale.

Adult Brain

The matured human brain, fully developed and capable of complex cognitive, emotional, and behavioral processing.

Cells

The basic structural, functional, and biological units of all living organisms.

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for quick action in emergencies; "fight or flight" response.