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How would you write about this and how do I show the solutions? Given the information below prepare a statement of cash flows. Balance Sheets
How would you write about this and how do I show the solutions?
Given the information below prepare a statement of cash flows. Balance Sheets 31-Dec-16 120 90 220 200 50 160 36 Assets Cash Accounts Receivable Inventory Equipment Less Accumulated Depreciation Net Equipment Total Assets Liabilities and Equity Accounts Payable Taxes Payable Common Stock Retained Earnings Total Liabilities 150 580 90 10 360 120 580 During 2016, the following occurred: Net income for 2016 was: 100 Equipment was purchased for cash. No equipment was sold. Share were sold for cash. Dividends were declared and paid Nae)Step by Step Solution
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