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Prepare a handwritten statement of cash flows Stark Industries Income Statement, 20x2 (in millions of dollars) Cost of goods sold.. Gross margin.... Selling and administrative
Prepare a handwritten statement of cash flows
Stark Industries Income Statement, 20x2 (in millions of dollars) Cost of goods sold.. Gross margin.... Selling and administrative expenses.. Net operating Nonoperating items: LOSS on sale Of equipment... Income before taxes... Income tax benefit . Net income (loss)...... $850 350 340 10 (20) (10) Additional Information: The loss on sale Of equipment consisted Of the sale Of equipment that had cost $30 million originally. The equipment had accumulated depreciation of $5 million. This means that a positive number is "net income" and a negative numbers is a "net
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