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(SCF-Direct and Indirect Methods) Comparative balance sheet accounts of Sharpe compare presented below. Additional data: Equipment that cost $10,000 and was 60% depreciated was sold
(SCF-Direct and Indirect Methods) Comparative balance sheet accounts of Sharpe compare presented below. Additional data: Equipment that cost $10,000 and was 60% depreciated was sold in 2012. Cash dividends were declared and paid during the year. Common stock was issued in exchange for land. Investments that cost $35,000 were sold during the year. There were no write-offs of uncollectible accounts during the year. Sharpe's 2012 income statement is as follows. Instructions Prepare a statement of cash flows using the indirect method
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