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Analysts following the Ivanhoe Golf Company were given the following balance sheet information for the years ended June 30, 2020, and June 30, 2019. Construct
Analysts following the Ivanhoe Golf Company were given the following balance sheet information for the years ended June 30, 2020, and June 30, 2019. Construct a 2020 cash flow statement. Pictures follow.
Analysts following the Ivanhoe Golf Company were given the following balance sheet information for the years ended June 30,2020 , and June 30, 2019: In addition, it was reported that the company had a net income of $3,155,998 and that depreciation expenses were equal to $212,441 during 2020. Assume amortization expense was $0 in 2020. Ivanhoe Golf Company Statement of Cash Flows Cash Flows from Operating Activities Net Income $ Additions (sources of cash) Subtractions (uses of cash) $ $Step by Step Solution
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