Required Information Problem 12-14A (Algo) The direct versus the indirect method of determining cash flow from operating activities LO 12-1, 12-2 [The following information applles to the questions displayed below.] Green Brands, Incorporated (GBI) presents Its statement of cash flows using the Indirect method. The following accounts and corresponding balances were drawn from GBl's Year 2 and Year 1 year-end balance sheets. Assume all sales and purchases of Inventory are made on account. The Year 2 Income statement is shown next. b. Prepare the operating actlvitles section of the statement of cash flows using the Indirect method. (Cash outflows should be Indlcated with a minus sign.)
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