The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided below. Required: Prepare

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The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided below.

Required:
Prepare the statement of cash flows for the year ended December 31, 2025, using the indirect method.

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Financial Accounting

ISBN: 9781260786521

6th Edition

Authors: David Spiceland

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Question Posted: Jul 01, 2022 03:40 AM

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The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided below. Required: Prepare

Question:

GREAT ADVENTURES, INC. Income Statement For the year ended December 31, 2025 Net revenues: Expenses: Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income $38,500 51,400 17,250 6,785 14,500 $164,270 128,435 $ 35,835

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Great Adventures Inc Statement of Cash Flows For the Year Ended December 31 2025 Cash flows from operating activities Net income 35835 Adjustments to ...View the full answer

Financial Accounting

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