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QUESTION 10 Not yet answered Points out of 36.00 Flag question Statement of Cash Flows (Indirect Method) Use the following information regarding the Fremantle Corporation
QUESTION 10 Not yet answered Points out of 36.00 Flag question Statement of Cash Flows (Indirect Method) Use the following information regarding the Fremantle Corporation to prepare a statement of cash flows using the indirect method Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January1 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to retire bonds payable at par Cash received from issuance of common stock Cash received from sale of equiprment Depreciation expense Gain on sale of equipment Inventory decrease Net income Prepaid expenses increase $14,000 4,000 5,000 26,000 21,000 108,000 49,000 103,000 70,000 75,000 7,000 65,000 14,000 11,000 126,000 2,000
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