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please answer this ar 31, 2020. Additional information: 1. Dividends in the amount of $5,900 were declared and paid during 2020 . 2. Depreciation expense
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ar 31, 2020. Additional information: 1. Dividends in the amount of $5,900 were declared and paid during 2020 . 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equipment that had a cost of $20,000 and was 70% depreciated was sold during 2020 . Prepare a statement of cash flows using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign eg. 15,000 or in parenthesis eg. (15,000))Step by Step Solution
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