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Bonner Corporation's balance sheet and income statement appear below: The company sold equipment for $10 that was originally purchased for $4 and that had accumulated
Bonner Corporation's balance sheet and income statement appear below: The company sold equipment for $10 that was originally purchased for $4 and that had accumulated depredation of $4. It paid a cash dividend during the year and did not issue any bonds payable or repurchase any of its own common stock. Required: Prepare a statement of cash flows for the year using the indirect method
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