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Prepare a cash flow statement using indirect method The following are the financial statements of Sheridan Ltd. SHERIDAN LTD. Balance Sheet December 31 Assets Cash
Prepare a cash flow statement using indirect method The following are the financial statements of Sheridan Ltd. SHERIDAN LTD. Balance Sheet December 31 Assets Cash Accounts receivable Inventory Equipment Accumulated depreciation-equipment Total assets Liabilities and Shareholders' Equity Accounts payable Income tax payable Notes payable Common shares Retained earnings Total liabilities and shareholders' equity 2024 $34,960 27,600 24,840 55,200 (26,680) $115,920 $22,080 6,440 24,840 16,560 46,000 $115,920 2023 $18,400 12,880 18,400 71,760 (22,080) $99,360 $13,800 7,360 30,360 12,880 34,960 $99,360
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Sheridan Ltd Statement of Cash Flows For the Year Ended December 31 2024 Cash Flows from ...
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Accounting Principles
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
7th Canadian Edition Volume 2
1119048478, 978-1119048473
