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Using the following information, prepare a statement of cash flows: Cash at beginning of period: $20,000 Net Income: $50,000 Depreciation Expense: $10,000 Increase in Accounts
Using the following information, prepare a statement of cash flows:
- Cash at beginning of period: $20,000
- Net Income: $50,000
- Depreciation Expense: $10,000
- Increase in Accounts Receivable: $5,000
- Decrease in Inventory: $8,000
- Purchase of Equipment: $20,000
- Issuance of Long-term Debt: $30,000
- Dividends Paid: $15,000
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Survey of Accounting
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds, Frances McNair, Bor Yi Tsay
5th edition
1259631125, 978-1259631122
