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CRANE COMPANY Comparative Balance Sheets December 3 1 CRANE COMPANY Income Statement For the Year Ended December 3 1 , 2 0 2 2 Additional
CRANE COMPANY
Comparative Balance Sheets
December
CRANE COMPANY
Income Statement
For the Year Ended December
Additional data:
Depreciation expense was $
Dividends declared and paid were $
During the year, equipment was sold for $ cash. This equipment originally cost $ and had accumulated
depreciation of $ at the time of sale.
Bonds were redeemed at their carrying value.
Common stock was issued at par for cash.
a
Prepare a statement of cash flows using the indirect method. Show amounts that decrease cash flow with either a sign eg
or in parenthesis eg
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