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The comparative balance sheet for Clau Company appears below: Cash dividends of $9,000 were paid during the year. Land costing $20,000 was acquired by the
The comparative balance sheet for Clau Company appears below: Cash dividends of $9,000 were paid during the year. Land costing $20,000 was acquired by the issuance of common stock. A land was sold for $10, 500 cash and an equipment was sold for $2000 cash. Instructions: Prepare a statement of cash flows for the year ended December 31, 2016 using the indirect method
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