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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
S12-6 (Learning Objective 2: Distinguish among operating, financing, and investing activities — indirect method) Smith Clinic, Inc., is preparing its statement of cash flows (indirect method) for the year ended March 31, 2012. Consider the following items in preparing the company’s state- ment of cash flows. Identify each item as an operating activity—addition to net income (O+) or subtraction from net income (O–), an investing activity (I), a financing activity (F), or an activ- ity that is not used to prepare the cash flows statement by the indirect method (N). Place the appropriate symbol in the blank space.
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