This paper concentrates on the primary theme of Prepare statement of cash flows (indirect method) using balance sheet data. Presented below {see attached} are comparative balance sheets for Millco, Inc., at January 31 and February 28, 2004. in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 79. For more details and full access to the paper, please refer to the site.
Statement of Cash Flows (Indirect Method) for Millco
1) Prepare a statement of cash flows (indirect method) using balance sheet data. Presented below {see attached} are comparative balance sheets for Millco, Inc., at January 31 and February 28, 2004.
2) Write 350-500 words discussing how the different sections of the statement of cash flows assist different sets of users.
3) Also, discuss the merits of using the direct method versus the indirect method of preparation