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Can you help me explain in as much detail as possible after solving this exercise? Thanks so much! 14. Use the income statement below to
Can you help me explain in as much detail as possible after solving this exercise? Thanks so much!
14. Use the income statement below to prepare the statement of cash flows using the indirect method. During the year, the company also had a $750 decrease in accounts payable, a $200 increase in supplies, and a $1,000 decrease in accounts receivable. The company issued $4,000,000 of 10% bonds at face value and paid $14,000 in dividends to shareholders. ABC Corporation received $10,000 in cash for the investments sold. The cash balance at the beginning of the year was $460,900Step by Step Solution
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