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Using the following data for Omega Company, prepare Statement of Cash Flows as of December 31 for the year ended. All amounts are cash flows.
Using the following data for Omega Company, prepare Statement of Cash Flows as of December 31 for the year ended. All amounts are cash flows. The cash balance at the beginning of the year was $125,000 and $500,000 at the end of the year. All numbers are in dollars. If the company were a sole proprietorship, how would the financing activities be reported
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