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Use the following information reported in the 12/31/19 financial statements for Coco, Inc. to create a COMPLETE statement of cash flows for the company as
Use the following information reported in the 12/31/19 financial statements for Coco, Inc. to create a COMPLETE statement of cash flows for the company as of 12/31/2019. Include appropriate labels/totals for each section/line. All lines may not be necessary.
Additional Information for 2019:
- Land was purchased for cash; A building was purchased for cash. Equipment with a historical cost of $117,000 and accumulated depreciation of $41,000 was sold for $80,000 cash.
- The company paid off notes payable principal with cash
- Common stock was issued for cash; treasury stock was sold for cash
- Dividends were declared during the period
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