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Suppose the income statement for Hugh's Company reports a 5100 net incorne, after deducting depreciation of $35. The company bought equipment costing $110 and obtained

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Suppose the income statement for Hugh's Company reports a 5100 net incorne, after deducting depreciation of $35. The company bought equipment costing $110 and obtained a long term bark loan for $10. The company also repaid $55 in bank loans. The company/s comparative balance sheet at December 31 indicates the following. 1 - calculate the change in each balance sheet account and indicate whether each account related to operating, investing or financing activities. 2% 2-prepare a statement of cash flows using the indirect method. 4% 3 - In one sentence, explain why an increase in accounts receivable is subtracted 2% 4-are the cash flows typical of a start-up, a healthy or a troubled company? Explain. 2%

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