Question: Solve me the whole question for practice please. Question 3 03-07 (a) What are the usefulness of the of cash flow statement? (b)Comparative financial statement

Solve me the whole question for practice please. Question 3 03-07

Solve me the whole question for practice please.

Question 3 03-07 (a) What are the usefulness of the of cash flow statement? (b)Comparative financial statement data for Holly Company are given below: December 31 2019 2018 Cash $ 4 $ 7 Account receivable 36 29 Inventory 75 61 Plant and equipment 210 180 Accumulate depreciation (40) (30) Total assets $285 $247 Accounts payable 45 39 Common stock 90 70 Retained earnings 150 138 | Total liabilities and stockholders' equity $285 $247 Net income $20, Dividend were declared and paid during 2019. There were no sales of plant and equipment during the year. Required: Using the indirect method, prepare a statement of cash flows for 2019

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