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An inexperienced accountant for Prestwick Company prepared the following income statement for the month of August, current year. Based on the information prepare a statement

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An inexperienced accountant for Prestwick Company prepared the following income statement for the month of August, current year. Based on the information prepare a statement of cash flows in a form consistent with generally accepted accounting principles. You may assume all transactions were in cash and that the beginning cash balance was $11,900. (List any deduction in cash and cash outflows as negative amounts.) Based on the information prepare a statement of cash flows in principles. You may assume all transactions were in cash and deduction in cash and cash outflows as negative amounts.) Cash paid for purchase of land Cash paid to long-term creditors Cash received from bank loan Cash received from investment by shareholders Cash received from revenues Cash flows from financing activities

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