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Question 4: Homework to be submitted on November 19, 2022 Comparative statement of financial position as at December 31,257 and 256 of UML Corporation is as follows: Apart from above, the information on income statement for the year ended 257 are: Additional information: (1) No sale of land and equipment during 257. (2) No repayment of long-term loans during 257. (3) No transaction of share repurchases or cancellation of common stocks during 257. Required: (a) Prepare statement of cash flows of UML Corporation for 257 by applying direct method for cash flows from operating activities. (b) Prepare statement of cash flows of UML Corporation for 257 by applying indirect method for cash flows from operating activities. (c) Discuss on cash flows from operating, investing, and financing activities, and net cash provided by (or used by) each of these 3 activities. Question 4: Homework to be submitted on November 19, 2022 Comparative statement of financial position as at December 31,257 and 256 of UML Corporation is as follows: Apart from above, the information on income statement for the year ended 257 are: Additional information: (1) No sale of land and equipment during 257. (2) No repayment of long-term loans during 257. (3) No transaction of share repurchases or cancellation of common stocks during 257. Required: (a) Prepare statement of cash flows of UML Corporation for 257 by applying direct method for cash flows from operating activities. (b) Prepare statement of cash flows of UML Corporation for 257 by applying indirect method for cash flows from operating activities. (c) Discuss on cash flows from operating, investing, and financing activities, and net cash provided by (or used by) each of these 3 activities

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