Fence Company Reported the Following Information for 2017 (In Millions)

question 76

Essay

Fence Company reported the following information for 2017 (in millions).
Identify the activities section where these items would be reported on the statement of cash flows (operating, investing, or financing). Also, indicate whether each amount would be added (+) or subtracted (-) in those sections of the statement of cash flows.

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Definitions:

Traditional Processes

Conventional methods and procedures that organizations follow to conduct business operations, often characterized by a linear, step-by-step approach.

Work in Process Inventory

Items that are in the middle of production but haven't been finished for market yet.

Cost of Goods Sold

The expense associated with manufacturing the goods that a business sells during a specific period.

Value Streams

A value stream refers to the series of activities required to design, produce, and deliver a good or service to a customer, highlighting the value-added and non-value-added steps in the process.