Glass, Inc., began 2012 with $83,000 in cash. During 2012, Glass earned net income of $430,000, and

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Glass, Inc., began 2012 with $83,000 in cash. During 2012, Glass earned net income of $430,000, and adjustments to reconcile net income to net cash provided by operations totaled $75,000, a positive amount. Investing activities used cash of $420,000, and financing activities provided cash of $11,000. Glass ended 2012 with total assets of $580,000 and total liabilities of $230,000.

Requirement
Prepare Glass, Inc.’s statement of cash flows for the year ended December 31, 2012. Identify the data items given that do not appear on the statement of cash flows. Also identify the financial statement that reports the unused items.

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Financial accounting

ISBN: 978-0132751124

9th edition

Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom

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