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The comparative balance sheets of Medford Movie Th

The comparative balance sheets of Medford Movie Th

The comparative balance sheets of Medford Movie Theater Company at June 30, 2010 and 2009, reported the following: Medford’s transactions during the year ended June 30, 2010, included the following: Requirements 1. Prepare Medford Movie Theater Company’s statement of cash flows for the year ended June 30, 2010, using the indirect method to report cash flows from operating activities. Report noncash investing and financing activities in an accompanying schedule. 2. Evaluate Medford’s cash flows for the year. Mention all three categories of cash flows and give the reason for yourevaluation.

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