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As a forensic accountant for Coca-Cola Company, you are asked to prepare the cash flow statement for the quarter ending March 31, 2024, using the

As a forensic accountant for Coca-Cola Company, you are asked to prepare the cash flow statement for the quarter ending March 31, 2024, using the following information:

  • Net income: $7,500,000
  • Depreciation expense: $1,200,000
  • Increase in accounts receivable: $600,000
  • Decrease in inventory: $400,000
  • Increase in accounts payable: $800,000
  • Decrease in accrued liabilities: $200,000
  • Purchase of equipment: $2,000,000
  • Issuance of common stock: $3,500,000
  • Payment of dividends: $1,500,000

Prepare the cash flow statement for Coca-Cola Company using the indirect method.

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