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5. Condensed financial data of Buffalo Company for 2025 and 2024 are presented below. Additional information: During the year, ( $ 80 ) of common
5.
Condensed financial data of Buffalo Company for 2025 and 2024 are presented below. Additional information: During the year, \\( \\$ 80 \\) of common stock was issued in exchange for plant assets. No plant assets were sold in 2025. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either \\( a \\) - sign e.g. \\( -15,000 \\) or in parenthesis e.g. \\( (15,000) \\). BUFFALO COMPANY STATEMENT OF CASH FLOWS (Indirect Method) \\( \\$ \\) Adjustments to reconcile net income to \\( \\$ \\) \\( \\Delta \\) \\( \\Delta \\) \\( \\$ \\) \\( \\$ \\)Step by Step Solution
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