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Prepare a statement of cashflows using the indirect method. Thanks! Pearl Company reported the following information for 2025 Additional information: 1. Operating expenses include depreciation
Prepare a statement of cashflows using the indirect method. Thanks! Pearl Company reported the following information for 2025 Additional information: 1. Operating expenses include depreciation expense of $112,000. 2. Land was sold at its book value for cash. 3. Cash dividends of $238,000 were declared and paid in 2025. 4. Equipment with a cost of $464,800 was purchased for cash. Equipment with a cost of $142,800 and a book value of $100,800 was sold for $95,200cash 5. Bonds of $140,000 were redeemed at their face value for cash. 6. Common stock( $1 par) was issued at par for $476,000 cash. low with either a
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