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MONIGOMERY, INCORPORATED Statement of Cash Flows (lindirect Method) Cash flows from operating activities For Current Year Ended December 31 Adjustments to reconcile net income to
MONIGOMERY, INCORPORATED Statement of Cash Flows (lindirect Method) Cash flows from operating activities For Current Year Ended December 31 Adjustments to reconcile net income to ne: cash used in operating activities Income statement items not affecting cash Changes in current operating assets and liabilities Cash flows from investing activities Cash flows from financing activities Cash balance at beginning of year Cash balance at end of year Additional Information on Current-Year Transactions a. No dividends are declared of paild b. Issued additional stock for $10,000 cash. c. Purchased equipment for cash, notequipment was sotd 1. Use the above information to prepare a statement of cash flows for the cenrent yeahusing the inclirect rmetheo (Amounts to be deducted should be indicated by a minus sign
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