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The comparative Balance Sheets and Income Statement of a Corporation appear below. A Corporation Income Statement for the Year ended December 31,2020 A Corporation Required:
The comparative Balance Sheets and Income Statement of a Corporation appear below. A Corporation Income Statement for the Year ended December 31,2020 A Corporation Required: (b) State what caused a change (Increase or Decrease) in Cash balance, making a Statement of Sources and Uses of Cash for 2020 ; (c) Calculate Free Cash Flow for 2020. You will need to make a Statement of Cash Flows for 2020 (the Indirect method)
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