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E17-8 Here are comparative balance sheets for Velo Company. Prepare a flows-in (LO2) Additional information: 1. Net income for 2017 was $93,000. 2. Cash dividends
E17-8 Here are comparative balance sheets for Velo Company. Prepare a flows-in (LO2) Additional information: 1. Net income for 2017 was $93,000. 2. Cash dividends of $35,000.vere declared and paid. 3. Bonds payable amounting to $50,000 were redeemed for cash $50,000. 4. Common stock was issued for $42,000 cash. 5. No equipment was sold during 2017 , but land was sold at cost. Instructions Prepare a statement of cash flows for 2017 using the indirect method
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