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Culver Company has not yet prepared a statement of cash flows for the 2025 fiscal year. Comparative balance sheets as of December 31. 2024 and
Culver Company has not yet prepared a statement of cash flows for the 2025 fiscal year. Comparative balance sheets as of December 31. 2024 and 2025, and a statement of income and retained earnings for the year ended December 31, 2025, are presented as follows. Prepare a statement of cash flows using the direct method. Changes in accounts receivable and accounts payable relate to sales and cost of goods sold. Do not prepare a reconciliation schedule. (Show omounts in the investing and financing sections that decrease cash flow with either a-signe.s. 15,000 or in parenthesis e.s. (15,000). Enter amounts in thousands.) Prepare a statement of cash flows using the direct method. Changes in accounts receivable and accounts payable relate to sales and cost of goods sold. Do not prepare a reconciliation schedule. (Show amounts in the investing and financing sections that decrease cash flow with either a-sign eg. 15,000 or in parenthesis es. (15,000). Enter amounts in thousands.) eTextbook and Medla Swetor Later Attempts: 0 of 4 used Subrit Answer Using multiple attempts will impact your score. 20% score reduction alter attempt 3
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