Question: Reporting a Balance Sheet and Explaining the Effects of Adjustments on the Statement of Cash Flows 1. Prepare a classified balance sheet in good form

Reporting a Balance Sheet and Explaining the Effects of Adjustments on the Statement of Cash Flows

1. Prepare a classified balance sheet in good form at December 31, 2012 from the information in M4-8.

2. Explain how the adjustments in M4-4 and M4-6 affected the operating, investing, and financing activities on the statement of cash flows.


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