Question
The Income Statement and Balance Sheet are shown below. As the new hire, your boss has asked you to prepare the Statement of Cash Flows
The Income Statement and Balance Sheet are shown below. As the new hire, your boss has asked you to prepare the Statement of Cash Flows for the company. When gathering additional information, you have learned that the company was able to make a significant payment on their long-term debt over the year without taking on any additional debt. Additional shares of stock were issued during the year and dividends of $50,000 were paid to shareholders. New equipment was purchased for cash during the year and there were no disposals of equipment. Using the Financial Statements provided to you and the additional information you obtained, create a Statement of Cash Flows for Tannenhill Company. This Cash Flow Statement must be typed
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