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Use the Velor Inc. financial statements and supplementary information given below to prepare a statement of cash flows for the year ended December 3 1
Use the Velor Inc. financial statements and supplementary information given below to prepare a statement of cash flows for the year ended December using the indirect method.
Additional Information:
a Purchased machinery for $ cash.
b Sold the longterm investment on January for $
c Sold machinery for $ cash that had originally cost $ and had $ of accumulated depreciation.
d Issued $ of bonds payable at face value.
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