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Utah Corp.
Use the following selected data and additional information from the records of Utah Corp.to answer the questions that follow.
Additional information:
Review the data for Utah Corp.
REQUIRED:
Prepare the operating activities section of statement of cash flows for Utah Corp.for 2014 if the direct method is used to determine net cash flow from operating activities.
Split-off
A point in the manufacturing process where multiple products are generated from a common input.
Opportunity Cost
The potential benefit lost when choosing one alternative over another.
Excess Capacity
The amount by which current production capabilities exceed the current demand for a company's products or services.
Performance Evaluation
The process of assessing and reviewing an employee's or an organization's performance against predetermined objectives or criteria.
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