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#7 Additional information: 1. Dividends in the amount of $6,000 were declared and paid during 2020. 2. Depreciation expense and amortization expense are included in
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Additional information: 1. Dividends in the amount of $6,000 were declared and paid during 2020. 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equipment that had a cost of $20,100 and was 70% depreciated was sold during 2020 . Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow either a - sign e.g. 15,000 or in parenthesis e.g. (15,000). CORONADO INC. Statement of Cash Flows Adjustments to reconcile net income to Artiustmente tn pernneile net income th Cornnadn Ins a oreptino rard romnany had the followino ctatements nrenared as nf December 31,2020Step by Step Solution
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