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Presented here are the financial statements of Vaughn Company. Prepare a statement of cash flows using the indirect method. ( Show amounts that decrease cash
Presented here are the financial statements of Vaughn Company. Prepare a statement of cash flows using the indirect method. Show amounts that decrease cash flow with either a sign eg
or in parenthesis eg
VAUGHN COMPANY
Statement of Cash Flows
$
Adjustments to reconcile net income to
$
$
Additional data:
Depreciation expense was $
Dividends declared and paid were $
During the year, equipment was sold for $ cash. This equipment originally cost $ and had accumulated
depreciation of $ at the time of sale.
Bonds were redeemed at their carrying value.
Common stock was issued at par for cash.
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