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need in a hour Question 2 (15 marks) The following information relates to Heavy Metal ine Additional information: 1. The carrying amount of the equipment
need in a hour
Question 2 (15 marks) The following information relates to Heavy Metal ine Additional information: 1. The carrying amount of the equipment at the end of 2022 and 2021 was determined as follows: 2. Equipment costing \\( \\$ 20,000 \\) was purchased during the year in exchange for common shares instead of cash. There were no other non-cash transactions during the year. 3. Equipment was sold during the year. The equipment had a cost of \\( \\$ 11,000 \\) and accumulated depreciation of \\( \\$ 5,000 \\). Required: Prepare a statement of cash flows for the year ended December 31,2022, using the indirect method. Space is provided for your response on the next page of this exam Step by Step Solution
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