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Preparing a Statement of Cash Flows Using the Direct Method (35 points) Financial statement data from Hale Company for the current year appear below. During
Preparing a Statement of Cash Flows Using the Direct Method (35 points)
Financial statement data from Hale Company for the current year appear below.
During the current year, the firm sold for $5 equipment costing $15 with $10 of accumulated depreciation.
Prepare the cash flow from operations for Hale Company for the year using the direct method.
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