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the question is in the picture Question 7 of 7 A1 BEAUTY SUPPLY CORPORATION Comparative Balance Sheets Prepare a statement of cash flows for the
the question is in the picture
Question 7 of 7 A1 BEAUTY SUPPLY CORPORATION Comparative Balance Sheets Prepare a statement of cash flows for the year ended December 31, 2025 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000). Do not leave any answer field blank. enter 0 for amounts.) Additional information: 1. Net loss for 2025 is $12,000. Net sales for 2025 are $250,000. 2. Cash dividends of $15,000 were declared and paid in 2025. 3. Land was sold for cash at a loss of $2,000. This was the only land transaction during the year. 4. Equipment with a cost of $15,000 and accumulated depreciation of $10,000 was sold for $5,000 cash. 5. $12,000 of bonds were retired during the year at carrying (book) value. 6. Equipment was acquired for common stock. The fair value of the stock at the time of the exchange was $25,000Step by Step Solution
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