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Based on the following information, using the direct method, prepare a statement of cash flows for 2019. Your answer must be submitted to the assignment
Based on the following information, using the direct method, prepare a statement of cash flows for 2019. Your answer must be submitted to the assignment folder on D2L by the deadline. Cash collections from customers Paid cash to purchase of used equipment Depreciation expense Sale of investments (gain was $250) Dividends received Interest received Paid cash to purchase of investments Dividends paid to Stockholders Interest paid on bank loans Additional borrowing from bank Paid cash to purchase Inventory Paid cash to pay wages Paid cash to pay rent Net Income Beginning Cash Balance Paid cash on principal of Bank loans $800.00 $200.00 $200.00 $450.00 $100.00 $200.00 $250.00 $1,200.00 $400.00 $2,800.00 $400.00 $100.00 $200.00 $ 50.00 $800.00 $300.00 9. 10. 11 12 13. 14. 15. 16
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