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The question wants you to use the indirect method to prepare the operating activities section of the statement of cash flows Question 48 (25 points)
The question wants you to use the indirect method to prepare the operating activities section of the statement of cash flows
Question 48 (25 points) Stone Corporation reported the following transactions/events: Jan 1 Purchased 900 Rock Corporation Shares for $24 Cash each. June 1 Received cash dividends of $0.50 per share on Rock Corporation shares. Sept. 15 Sold 400 Shares of Rock Corporation for $10,000($25. Each). Dec. 1 Received cash dividends of $0.75 per share on Rock Corporation shares. Dec. 31 Rock Reported Net Income of $10,000 and its shares were trading at $27. Each. Instructions: 0 80 11 19 FO F2 F4 F7 F5 A * ! 7 # 3 $ 4 % 5 & 7 I 0 6 8 2 9 W Q R Y T U T (1) F J K K S c Z X V B M NStep by Step Solution
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