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Prepare a cashflow statement using the indirect method based on informstion provided in the image. Based oa the following infocmution, prepare a Stbtement of Cash
Prepare a cashflow statement using the indirect method based on informstion provided in the image.
Based oa the following infocmution, prepare a Stbtement of Cash Flow using the Indirect method During the year: 1. S48 wzs collected from customers 2. An amourt was written off as monllartahle 3. $3 was recovered from an accoumt that had been written off in the prior tear 4. Equipenest was purchased costing $10 5. Other equipment was sold 6. Investmeats were purchased for 5 7. Other investments were sold 8. Shares were sold during the yarr Hint you may want to use T-accounts to solve for the missing information Based oa the following infocmution, prepare a Stbtement of Cash Flow using the Indirect method During the year: 1. S48 wzs collected from customers 2. An amourt was written off as monllartahle 3. $3 was recovered from an accoumt that had been written off in the prior tear 4. Equipenest was purchased costing $10 5. Other equipment was sold 6. Investmeats were purchased for 5 7. Other investments were sold 8. Shares were sold during the yarr Hint you may want to use T-accounts to solve for the missing information Step by Step Solution
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