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needed asap please!!! Here are comparative balance sheets for Crane Company. Prepare a statement of cash flows-indirect method. Additional information: 1. Net income for 2020
needed asap please!!!
Here are comparative balance sheets for Crane Company. Prepare a statement of cash flows-indirect method. Additional information: 1. Net income for 2020 was $104,000. 2. Cash dividends of $41,000 were declared and paid. 3. Bonds payable amounting to $59,000 were redeemed for cash $59,000. 4. Common stock was issued for $40,000cash. 5. Equipment that cost $51,000 and had a book value of $32,000 was sold for $35,000 during 2020; land was sold at cost. (a) (b) Compute free cash flow for 2020. (Show amounts that decrease cash flow with either a - sign eg - 15,000 or in parenthesis eg (15,000)1 Free cash flow Step by Step Solution
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