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Prepare statement of cash flows using the indirect method. The income statement for 2017 and the balance sheets for 2017 and 2016 are presented
Prepare statement of cash flows using the indirect method. The income statement for 2017 and the balance sheets for 2017 and 2016 are presented for Howard Industries, Inc. (Click the icon to view the income statement.) (Click the icon to view the balance sheets.) Click the icon to view additional information.) Requirement Prepare a statement of cash flows for Howard Industries, Inc., for the year ended December 31, 2017, using the indirect method. Prepare the statement one section at a time. (Use parentheses or a minus sign for numbers to be subtracted and for net cash outflows.) Operating Activities: Howard Industries, Inc. Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2017 Adjustments to reconcile net income to cash basis: Net cash provided by (used for) operating activities
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