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This question: 2 point(s) possible Submit tes Connecticut, Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following
This question: 2 point(s) possible Submit tes Connecticut, Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: Connecticut, Inc. Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Increase/(Decrease) Cash $21,000 $19,000 $2,000 Accounts Receivable 30,000 35,000 (5,000) Merchandise Inventory 53,000 25,000 28,000 Plant and Equipment 126,000 95,000 31,000 Accumulated Depreciation - Plant and Equipment (48,000) (41,000) (7,000) Total Assets $182,000 $133,000 $49,000 OA. $(160,000) OB. $(21,000) OC. $21,000 OD. $160,000 Ne
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