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WeNeed EPS Inc., had net income of $7,800,000 in 2xxx. The company had 500,000 shares of $4 par value common stock and 70,000 shares of

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WeNeed EPS Inc., had net income of $7,800,000 in 2xxx. The company had 500,000 shares of $4 par value common stock and 70,000 shares of 8%,$100 par, preferred stock outstanding throughout the year. Each share of preferred stock is both cumulative and convertible. Each share of preferred stock is convertible into three shares of common stock. Compute the following for 2xxx : (show your work) Question \#10 In the computation of net cash flows from operating activities for 2020 by the indirect method, determine whether each of the following items would be added to net income, deducted from net income, or omitted from the computation. Indicate your answer by using the following symbols: + (added to net income), - (deducted from net income), or 0 (omitted from computation)

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