Question

This exercise continues the accounting for Graham’s Yard Care, Inc. from the Continuing Exercise in Chapter 10. Assume that Graham’s Yard Care, Inc. had the following comparative balance sheet at the end of 2015, its second year of operations.
Requirement
Prepare the cash flow statement for Graham’s Yard Care, Inc. for 2015 using the indirect method. The following additional information applies to 2015:
■ Common shares were issued.
■ No dividends were declared or paid during the year.
■ No equipment was sold during the year and all purchases of equipment were for cash.


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  • CreatedJuly 08, 2015
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