The following changes in account balances and other information for 2007 were taken from the accounting records
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The following changes in account balances and other information for 2007 were taken from the accounting records of the Gordon Company:
Other information: Net income totaled $5,800. Dividends were declared and paid. Equipment was purchased for $8,800. No buildings and equipment were sold during the year. One hundred shares of common stock were sold for $55 per share. The ending cash balance was $4,200.
Required
Using visual inspection, prepare a 2007 statement of cash flows for the GordonCompany.
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Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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