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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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