As the accountant at Soil Test Corporation, you are responsible for preparing the cash flow statement. You have decided to prepare the statement using the direct method and have gathered together the following data from the accounting records:
Prepare the cash flow statement for the year ended December 31, 2014 using the direct method under ASPE and including a schedule of noncash investing and financing activities, if necessary.

Question

As the accountant at Soil Test Corporation, you are responsible for preparing the cash flow statement. You have decided to prepare the statement using the direct method and have gathered together the following data from the accounting records:
  Prepare the cash flow statement for the year ended December 31, 2014 using the direct method under ASPE and including a schedule of noncash investing and financing activities, if necessary.

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The Answer of As the accountant at Soil Test Corporation, you are responsible for preparing the cash flow statement. You have decided to prepare the statement using the direct method and have gathered together the following data from the accounting records:
  Prepare the cash flow statement for the year ended December 31, 2014 using the direct method under ASPE and including a schedule of noncash investing and financing activities, if necessary.

As the Accountant at Soil Test Corporation, You Are Responsible