Question: The 2012 comparative balance sheet and income statement of Kahl

The 2012 comparative balance sheet and income statement of Kahl Medical Supplies follow:


Kahl Medical Supplies had no noncash investing and financing transactions during 2012. During the year, Kahl Medical Supplies made no sales of land or equipment, no issuance of notes payable, no retirement of stock, and no treasury stock transactions.

Requirements
1. Prepare the 2012 statement of cash flows, formatting operating activities by the indirect method.
2. How will what you learned in this problem help you evaluate an investment in Kahl MedicalSupplies?
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  • CreatedApril 29, 2014
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