Avatar Company uses the indirect method to prepare the statement of cash flows. Please refer to the following income statement:
Other information provided:
Please prepare the operating activities section of the statement of cash flows using the following format:
Definitions:
Moral Development
The process through which individuals acquire the standards of right and wrong that guide behavior, rooted in cognitive development.
Moral Reasoning
The process through which individuals make decisions about what is right or wrong based on personal, philosophical, or cultural beliefs.
Lawrence Kohlberg
Lawrence Kohlberg was an American psychologist best known for his theory of stages of moral development, which suggests that moral reasoning matures through a series of stages as individuals grow.
Preconventional
The first level of Kohlberg's stages of moral development, where moral reasoning is based primarily on consequences of actions and external rewards and punishments.
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