(Learning Objective 4: Computing operating cash flows—direct method) Phoenix Golf Club, Inc., has…
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(Learning Objective 4: Computing operating cash flows—direct method) Phoenix Golf Club, Inc., has assembled the following data for the year ended September 30, 2014:
Prepare the operating activities section of Phoenix Golf Club, Inc.’s statement of cash flows for the year ended September 30, 2014. Phoenix Golf Club uses the direct method for operating cash flows.
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