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Award:10.00 points Problem 4-10 Integration of financial statements; Chapters 3 and 4 /L04-8] The chief accountant for Grandview Corporation provides you with the company's 2018

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Award:10.00 points Problem 4-10 Integration of financial statements; Chapters 3 and 4 /L04-8] The chief accountant for Grandview Corporation provides you with the company's 2018 statement of cash flows a GRANDVIEW CORPORATION Statement of Cash Flows For the Year Ended December 31. 2018 Cash Flows from Operating Activities Collections from customers Payment to suppliers Payment of general & administrative expenses Payment of income taxes 133 (45) (36) (27 s 25 Net cash flows from operating activities Cash Flows from Investing Activities 83 Sale of investments Cash Flows from Financing Activities 17 Issuance of common stock Payment of dividends Net cash flows from financing activities Net increase in cash GRANDVIEW CORPORATION Income Statement For the Year Ended December 31, 2018 S 152 50 Sales revenue Cost of goods sold Gross proft Operating expenses General and administrative Depreciation S 36 28 64 Total operating expenses Operating income Other income: 12 16 $ 34 Gain on sale of investments Income before income taxes Income tax expense Net income GRANDVIEW CORPORATION Balance Sheets At December 31 2018 2017 Assets Cash Accounts receivable Investments $198 ? ?102 71 78 168 (1011 168 Property, plant & equipment Less Accumalatod denreciatinn Annual Report w pdf ^

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