Prepare a statement of cash flows in proper form using the inflows and outflows from questions 4-15.
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Question:
Prepare a statement of cash flows in proper form using the inflows and outflows from questions 4-15. Assume net income (earnings after taxes) from the 2018 income statement was $10,628, and $5,000 in common stock dividends were paid. Ignore the income tax effect on the change in depreciation.
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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