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Assume the following income statement and balance sheet information: Other information: The short-term investments are riskless and will be converted to a known amount of
Assume the following income statement and balance sheet information: Other information: The short-term investments are riskless and will be converted to a known amount of cash in 60 days. Borrowings are noncurrent. No gain or loss occurred when common stock was repurchased. Required: 1. Calculate cash flow from operating activities. 2. Prepare the 2020 statement of changes in equity. 3. Calculate cash flow from financing activities. 4. (Appendix) Prepare a cash flow table. Show that cash effects net to a $450 outflow
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