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solution required ASAP Q.6 Presented below are the financial statements of Rajesh Company. (6 Marks) RAJESH COMPANY Comparative Balance Sheets RAJESH COMPANY Income Statement For
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Q.6 Presented below are the financial statements of Rajesh Company. (6 Marks) RAJESH COMPANY Comparative Balance Sheets RAJESH COMPANY Income Statement For the Year Ended December 31, 2012 Additional data: 1. Dividends declared and paid were $25,000. 2. During the year equipment was sold for $8,500 cash. This equipment cost $18,000 originally and had a book value of $8,500 at the time of sale. 3. All depreciation expense, $14,500, is in the operating expenses. 4. All sales and purchases are on account. Instructions (7 Marks) (a) Prepare a statement of cash flows using the indirect methodStep by Step Solution
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