Flagship Company has the following information collected in order to prepare a cash flow statement and uses the indirect method for Cash Flow from Operations. The annual report year end is December 31, 2014.
Required:
1. Prepare the Cash Flow for Operations part of the cash flow statement for Flagship for the year ended December 31, 2014.
Definitions:
MiFi
A portable broadband device that enables users to create a personal hotspot and connect several mobile devices to the internet wirelessly.
WiMAX
Worldwide Interoperability for Microwave Access, a wireless communication standard designed for providing broadband wireless access over long distances.
Cellular Networks
Wireless communication networks made up of cells, allowing mobile phones and other devices to connect to the internet and each other over large areas.
Digital Signals
A representation of data in a sequence of discrete values, as opposed to continuous or analog signals.
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