Presented below are data taken from the records of Concord Compary. Additional information: Held - to -
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Question:
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Presented below are data taken from the records of Concord Compary.
Additional information:
Heldtomaturity debt securities carried at a cost of $ on December were sold in for $ The lass
not unusual was incorrectly charged directly to Retained Earnings.
Plant assets that cost $ and were depreciated were sold during for $ The loss was incorrectly charged
directly to Retained Earnings.
Net income as reported on the income statement for the year was $
Dividends paid amounted to $
Depreciation charged for the year was $
Prepare a statement of cash flows for the year using the indirect method. Show amounts that decrease cash flow with either sign
eg or in parenthesis e
Adustments to reconcle net income to
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