Converting Cash from Operations under Indirect Method to Direct
Refer to Campbell Soup CompanyĂ˘â‚¬â„˘s statement of cash flows in Appendix A.
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Convert CampbellĂ˘â‚¬â„˘s statement of cash flows for Year 11 to show cash flows from operations (CFO) using the direct method. For purposes of this problem only, assume the following:
a. Net change in other current assets and current liabilities of $30.6 consists of:
b. Campbell disposed of a division in Year 11 reporting revenues of $7.5 million and an after-tax loss of $5.3 million. The loss is included in expenses. The CFO presentation should include revenues and expenses of the discontinued operations in Year 11.