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Prepare a statement of cash flows using the indirect method Current Attempt in Progress Comparative balance sheet accounts of Stellar Inc are presented below. Additional
Prepare a statement of cash flows using the indirect method
Current Attempt in Progress Comparative balance sheet accounts of Stellar Inc are presented below. Additional data (ignoring taxes): 1. Net income for the year was $43,000 2. Cash dividends deciared and paid during the year were $21,400 3. A 20% stock dividend was declared during the year. $25,000 of retained earnings was capitalized. 4 Equity investments (level of ownership is less than 20$5 ) that cost $24,700 were sold during the year for $ unrealized gains and losses were recorded on these investments in 2025 . 5. Machinery that cost $3,800, on which $750 of depreciation had accumulated, was sold for $2,250 Step by Step Solution
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