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Here are comparative balance sheets for Concord Company. Prepare a statement of cash flows-indirect method. Additional information: 1. Net income for 2020 was $101,000. 2.
Here are comparative balance sheets for Concord Company. Prepare a statement of cash flows-indirect method. Additional information: 1. Net income for 2020 was $101,000. 2. Cash dividends of $32,000 were declared and paid. 3. Bonds payable amounting to $58,000 were redeemed for cash $58,000. 4. Common stock was issued for $45,000 cash. 5. Equipment that cost $51,000 and had a book value of $24,000 was sold for $33,000 during 2020; land was sold at cost. ther a - sign e
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