Question: Refer to the data provided in the P 21-11 for Arduous Company. P21-11 Required: Prepare the statement of cash flows for Arduous Company using the

Refer to the data provided in the P 21-11 for Arduous Company.

P21-11

Required:
Prepare the statement of cash flows for Arduous Company using the indirect method.

ARDUOUS COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in millions) $1,211 S 65 Less: Discount on bonds Paid-in capita-excess of par $1,211 $1,074 ARDUOUS COMPANY Income Statement For Year Ended December 31, 2018 ($ in millions) $423 356 $ 67

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Balance Sheet Assets Cash ARDUOUS COMPANY Spreadsheet for the Statement of Cash Flows Accounts receivable Investment rev receivable Inventory Prepaid insurance Longterm investment Land Buildings and e... View full answer

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