Question: prepare cash flow statement for 2024 using indirect method under ASPE Crane Corporation's comparative balance sheet is presented below. Additional information: 1. Profit for the

prepare cash flow statement for 2024 using indirect method under ASPE

Crane Corporation's comparative balance sheet is presented below. Additional information: 1. Profit for the year was $28,970. Dividends declared and paid were $24,960. 2. No noncash imvesting and financing activities occurred during 2024. 3. The land was sold for cash of $6,270, resutiting in a loss of $1,410 on the sale of the land. Prepare a cash flow statement for 2024 using the indirect method. Crane Corporation reports under ASPE. (Show amounts that decrease cash flow with either a - sign e.g. 15,000, or in parenthesis e.g. (15,000) )

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f. What was your neighborhood like? Discuss your answers with classmates. Analyze how your own cultural position is unique and how it is similar to that of others.

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