Page 55 - FINAL CFA I SLIDES JUNE 2019 DAY 7
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LOS 26.g: Convert cash flows from the Session Unit 7:
indirect to direct method. p. 115 26. Understanding Cash Flow Statements
Cash from operations:
tanties
beginning taxes payable + beginning deferred tax liability + tax
expense – taxes paid = ending taxes payable + ending deferred tax
liability = $4,000 + $15,000 + $20,000 – $14,000 = $5,000 + $20,000
(
