Preparing a Statement of Cash Flows Refer to the transactions described in PE 3-1 through PE 3-5

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Preparing a Statement of Cash Flows Refer to the transactions described in PE 3-1 through PE 3-5 as well as to the eight transactions in PE 3-16. Using all of these transactions, prepare a statement of cash flows. Note:

For the building purchase described in PE 3-5, the portion of the purchase financed with the mortgage ($80,000) is considered to be a noncash transaction; accordingly, the only portion of the transaction that impacts the statement of cash flows is the $50,000 cash down payment

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Accounting Concepts And Applications

ISBN: 9780324376159

10th Edition

Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice, Monte R. Swain

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