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IHes the fallinwinn evrornte from Yardlev Comnanv's financial information. Plant assets were sold for $50,000; book value $16,500. Dividends of $25,000 were declared and paid.
IHes the fallinwinn evrornte from Yardlev Comnanv's financial information. Plant assets were sold for $50,000; book value $16,500. Dividends of $25,000 were declared and paid. Prepare a statement of cash flows (indirect method) for the year 2018 . Use the minus sign to indicate cash outflows, Feedback 7 Check My Work Adjustments for the operating section of the statement of cash flows using the indirect method involve adjustme the income statement. Consider expenses recorded but not resulting in a cash outflow. Consider gains and losse; example, how does a gain effect income? If this does not involve a cash flow, how do you adjust to remove that changes in current assets from one period to the next are in the opposite direction of the change (a change resul decrease would be added). Adjustments for current liabilities are in the same direction as the change in the accol
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