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The following three summaries indicate activity in Carla Vista Corp. during 2 0 2 7 . From the postings in the accounts, indicate how the
The following three summaries indicate activity in Carla Vista Corp. during
From the postings in the accounts, indicate how the information is reported by preparing a partial statement of cash flows using the
indirect method. The loss on disposal of plant assets was $Hint: Cost of equipment constructed is reported in the investing
activities section as a decrease in cash of $Show amounts that decrease cash flow with either sign eg or in parentheses
eg
CARLA VISTA CORP.
Partial Statement of Cash Flows
For the Year Ended December
Cash Flows from Operating Activities
Net Income
Adjustments to reconcile net income to
Net Cash Provided by Operating Activities
Depreciation Expense
$
Loss on Disposal of Plant Assets
Net Cash Provided by Operating Activities
Cash Flows from Investing Activities
Construction of Equipment
Purchase of Equipment
Sale of Equipment
Net Cash Used by Imvesting Activities
Cash Flows from Financing Activities
Payment of Cash Dividends
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