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Required Information [The following Information applles to the questions displayed below.] A comparative balance sheet and Income statement is shown for Cruz, Incorporated. e the

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Required Information [The following Information applles to the questions displayed below.] A comparative balance sheet and Income statement is shown for Cruz, Incorporated. e the above balance sheet and Income statement to prepare the operating actlvitles section by direct method. Assume all the sales re made on credit basis. te: Amounts to be deducted should be Indlcated with a minus sign

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