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connected question Exercise 11-10A Prepare a statement of cash flows_indirect method ( LO11-3, 11-4, 11-5) The balance sheets for Plasma Screens Corporation, along with additional
connected question
Exercise 11-10A Prepare a statement of cash flows_indirect method ( LO11-3, 11-4, 11-5) The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: Additional Information for 2021: 1. Net income is $79,000. 2. The company purchases $110,000 in equipment. 3. Depreciation expense is $150,000. 4. The company repays $115,000 in notes payable. 5. The company declares and pays a cash dividend of $30,000. Required: Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)Step by Step Solution
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