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Attached are the comparative balance sheets for Verdi Company at December 31,20xi and 20x0 as well as the income statement for the year ended December
Attached are the comparative balance sheets for Verdi Company at December 31,20xi and 20x0 as well as the income statement for the year ended December 31, 20xi In addition, the company had no sales ofplant and equipment during the year, and the company paid dividends to stockholders during the year REQUIRED: (1) Prepare Verdi Company's statement of cash flows, in proper form, for the year ended December 31, 20Xi, using the indirect method. Be sure to include a schedule of noncash investing and financing activities, if appropriate. (2) In which of the three categories of activities did Verdi use the majority ofits cash during 20Xi? (3) What does your answer to the previous question tell you about Verdi Company? (4) From which of the three types of activities did Verdi obtain the majority of its cash during 20x1
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