Excerpts from Smart Pro Inc.'s statement of cash flows appear as follows: Requirement As the chief executive

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Excerpts from Smart Pro Inc.'s statement of cash flows appear as follows:

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Requirement

As the chief executive officer of Smart Pro Inc., your duty is to write the management letter to your shareholders to explain Smart Pro's investing activities during 2017. Compare the company's level of investment with the preceding year, and indicate the major way the company financed its investments during 2017. Net income for 2017 was $1,291 million?

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Financial Accounting

ISBN: 978-0134564142

6th Canadian edition

Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin

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