Question: Prepare a statement of cash flows under the indirect method. Use a minus to indicate any decreases in cash or cach outflows. Gilins and Losiss
Prepare a statement of cash flows under the indirect method. Use a minus to indicate any decreases in cash or cach outflows. Gilins and Losiss on the Sale of tong-Term Assets the income statement for Hubbard's Professional Edge Tennls Camp follows. Assume that all reverues and expenses were for cash and that land was sold for $500. There were no sther investing of financing accivities during the year, The Cash balances at the begining and end of the year were $100 and $910, respectively, Prepare a statement of cash flows under the indirect method, Use a minus to indicate anr decreases in cash or cash outfiows
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