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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 20
Use the following financial statements and additional information to (1) prepare a statement of cash flows for the year ended December 31, 2016, using the indirect method, and (2) analyze and briefly discuss the statement prepared in part 1 with special attention to operating activities and to the company's cash level.
Additional Information
a. No dividends are declared or paid in 2016.
b. Issued additional stock for $10,000 cash in 2016.
c. Purchased equipment for cash in 2016; no equipment was sold in 2016.
Additional Information
a. No dividends are declared or paid in 2016.
b. Issued additional stock for $10,000 cash in 2016.
c. Purchased equipment for cash in 2016; no equipment was sold in 2016.
Explanation
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1.
Cash flow refers to the amount of cas...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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