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how would i solve this? what are the steps? Prepare Morganson ?'s statement of cash flows using the indirect method. Include an accompanying schedule of?non-cash
how would i solve this? what are the steps? Prepare Morganson?'s statement of cash flows using the indirect method. Include an accompanying schedule of?non-cash investing and financing activities.
P16-33A (book/static) Accountants for Morganson, Inc. have assembled the following data for the year ended (Click the icon to view the current (Click the icon to view th 3.) Prepare Morganson's statement of cash flows using the indirect method. Include an ac leave the box empty; do not select a label or enter a zero.) Morganson, Inc. Statement of Cash Flows Data Table HW Score: 80.42%, 6.43 of 8 pts Question Help Year Ended December 31, 2018 Transaction Data for 2018: Issuance of common stock for cash Depreciation expense $ 38,000 Payment of notes payable $ 46,100 24,000 Payment of cash dividends 50,000 Purchase of equipment with cash 74,000 Issuance of notes payable to borrow cash 62,000 Acquisition of land by issuing long-term notes payable Book value of building sold 119,000 Gain on sale of building 4,500 54,000 Net income 68,500 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities This question has not been completed. W E D MacBook Air Print Done ? 412 ELEC
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