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SuperView Company's comparative balance sheets and its current income statement follow. (Click the icon to view the balance sheets.) (Click the icon to view the
SuperView Company's comparative balance sheets and its current income statement follow. (Click the icon to view the balance sheets.) (Click the icon to view the income statement.) (Click the icon to view the additional information.) Requirement an input field is not used in the statement, leave the field empty; do not select a label or enter a zero.) Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities: Changes in Operating Working Capital Accounts: Changes in Operating Working Capital Accounts: Net Cash Provided (Used) by Operating Activities Investing Activities: Net Cash Provided (Used) by Investing Activities Financing Activities: Financing Activities: Net Cash Provided (Used) by Financing Activities Net Increase (Decrease) in Cash and Cash Equivalents Cash and Cash Equivalents, Beginning of Year Cash and Cash Equivalents, End of Year Provide all required cash flow disclosures. Cash Flow Disclosures for the Direct Method Eash Flow Disclosures for the Direct Method ignificant Noncash Investing and Financing Activities: Iccounting Policy for the Definition of Cash Equivalents: For purposes of the statement of cash flows, the company considers all be cash equivalents. Compute the cash payments for taxes and interest. debt instruments purchased with maturities of three months or less Balance Sheet Balance Sheet Balance Sheet Income Statement Income Statement Additional Information - SuperView did not sell any plant or intangible assets during the current year. It acquired equipment and a new franchise during the year using cash. - SuperView reports accounts receivable net of the allowance for bad debts. - The deferred-tax asset is caused by a net operating loss; SuperView reported it net of a valuation allowance estimated at $44,064. - Because of its net operating loss, the company was not able to declare and pay dividends this year. - The company made no debt payments this year. - Because of the net operating loss, there are no taxes due and payable for the current year. The company did pay the amount of taxes payable from the prior year. - SuperView reported the income from discontinued operations net of tax as a cash transaction
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