Refer to all of the facts in Problem 12-1A. Required 1. Using the format in the chapter's
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1. Using the format in the chapter's appendix, prepare a statement of cash flows work sheet.
2. Prepare a statement of cash flows for 2012 using the indirect method in the Operating Activities section.
3. Briefly explain how Madison was able to increase its cash balance during a year in which it incurred a net loss.
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Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1111534912
8th edition
Authors: Gary A. Porter, Curtis L. Norton
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