Simons Products, Inc. reported the following comparative balance sheets and income statement for the current year. Simons

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Simons Products, Inc. reported the following comparative balance sheets and income statement for the current year.
Simons Products, Inc. reported the following comparative balance sheets and
Simons Products, Inc. reported the following comparative balance sheets and

Simons Products purchased new equipment for $ 195 and sold equipment with a net book value of $ 26 for $ 52. Both events were cash transactions. It paid any dividends declared. Simons made no repayments of debt during the year. Prepare the operating activities section of the statement of cash flows using the indirect method.

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Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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