This assignment involves two primary components: the classification of various financial transactions and the preparation of a statement of cash flow. The first part requires categorizing transactions into operating, investing, financing, or none-of-the-above activities, providing a foundational understanding of how different financial events are classified. The second part utilizes provided financial statements, including balance sheets and income statements, for Casual Clothing, Inc. The core task is to construct a statement of cash flow for the year 2013, employing the indirect method. This involves adjusting net income for non-cash items and changes in working capital to determine the cash flow from operating activities, and then separately analyzing investing and financing activities to arrive at the net change in cash for the period. The solution demonstrates the application of accounting principles to real-world financial data.
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