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Condensed financial data of Cheyenne Corp. follow. Cheyenne Corp. Income Statement For the Year Ended December 3 1 , 2 0 2 2 Less: Adjustments
Condensed financial data of Cheyenne Corp. follow.
Cheyenne Corp.
Income Statement
For the Year Ended December
Less:
Adjustments to reconcile net income to
Additional information:
New plant assets costing $ were purchased for cash during the year.
Old plant assets having an original cost of $ and accumulated depreciation of $ were sold for
$ cash.
Bonds payable matured and were paid off at face value for cash.
A cash dividend of $ was declared and paid during the year.
Common stock was issued at par for cash.
There were no significant noncash transactions.
Prepare a statement of cash flows using the indirect method. Show amounts that decrease cash flow with
either sign eg or in parenthesis eg
Cheyenne Corp.
Statement of Cash Flows Indirect Method
PLEASE ANSWER IN THE PROVIDED FORMAT
THANK YOU!!!!!
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