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elow. Additional information: During the year, $60 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020. Prepare
elow. Additional information: During the year, $60 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign eg. - 15,000 or in parenthesis e.g. (15,000).) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg. - 15,000 or in parenthesis e.g. (15,000).) PHAROAH COMPANY Statement of Cash Flows (Indirect Method) Adjustments to reconcile net income to $ $
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