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apters 2 3 - 2 4 i Soved The following data are summarized from the income statement of Core, Inc., for the year ended December
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The following data are summarized from the income statement of Core, Inc., for the year ended December
tabletableCORE INC.Income StatementYear Ended December SalesCost of Goods Sold,,,Gross Profit on Sales,,,Operating Expenses,,,DepreciationOther Selling Expenses,,Other Administrative Expenses,,Net Income from Operations,,,Bond Interest Expense,,,Cash Interest,,Amortization of Discount on Bonds Payable,,Net Income for Year,,,
Required:
Using these data and ignoring changes in current assets, current liabilities, and income taxes, prepare a schedule of cash flows operating activities for the year.
tableCORE INC.Statement of Cash FlowsYear Ended December Cash flows from operating activities,,,Adjustments to reconcile net income to cash used in operating activities:,,,HTotal adjustments,,$$
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