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Having troubles with this homework need to do a cash flow statement. Mary Kay Cosmetics Selected data and additional information from the company's records are
Having troubles with this homework need to do a cash flow statement.
Mary Kay Cosmetics Selected data and additional information from the company's records are presented below: Equipment with a cost of $30, 000 and a book value of $18, 000 was sold for $22, 000 during 2014. GaIN * 4, 0O0 Common stock was issued to retire bonds payable during 2014. The only items affecting retained earnings in 2014 were net income and dividends declared and paid. Refer to Mary Kay Cosmetics. Prepare the company's statement of cash flows for the year ende December 31, 2014. Use the indirect method of determining net cash flows from operating activityStep by Step Solution
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