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Question #1: Cash Flow Statements- Indirect The comparative balance sheets for Skywalker Company appear below: SIMNAI KER COMPANY 1. Net income for the year ending
Question \#1: Cash Flow Statements- Indirect The comparative balance sheets for Skywalker Company appear below: SIMNAI KER COMPANY 1. Net income for the year ending December 31, 2022 was $20,000. 2. Cash dividends of $12,000 were declared and paid during the year. 3. Long-term investments in bonds that had a book value of $18,000 were sold for $16,000. Instructions Prepare a cash flow statement for the year ended December 31, 2022, using the indirect method
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