Use the Get Wired. Inc., data from Problem 16-45B. Requirements 1. Prepare the 2005 statement of cash
Question:
Use the Get Wired. Inc., data from Problem 16-45B.
Requirements
1. Prepare the 2005 statement of cash flows by the direct method.
Follow the statement format given in Exhibit 16A-3.
2. How will what you learned in this problem help you evaluate an investment?
Exhibit 16A-3
Problem 16-45B
The 2005 comparative balance sheet and income statement of Get Wired, Inc., follow on the next page.
Get Wired, Inc., had no noncash investing and financing transactions during 2005. During the year, there were no sales of land or equipment, no issuances of notes payable, no retirements of stock, and no treasury stock transactions.
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