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Additional information: 1. Dividends in the amount of $5,906 were declared and paid during 2014. 2. Depreciation expense and amortization expense are included in operating
Additional information:
1. | Dividends in the amount of $5,906 were declared and paid during 2014. | |
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 $28,010 and was 70% depreciated was sold during 2014. |
Prepare a statement of cash flows using the indirect method.
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