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The balance sheets and income statement for Florence and Henderson Inc. are shown below. Please prepare a statement of cash flows on both the indirect

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The balance sheets and income statement for Florence and Henderson Inc. are shown below. Please prepare a statement of cash flows on both the indirect and direct basis for 2016. Additional information: a. The company repurchased stock during the year. b. Equipment purchase was funded with a $40,000 note and cash of $45,000

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