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The Following Are Glad Corporation's 2009 and 2010 Year-End Balance

Question 33

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The following are Glad Corporation's 2009 and 2010 year-end balance sheets and the 2010 income statement.
‪ The following are Glad Corporation's 2009 and 2010 year-end balance sheets and the 2010 income statement. ‪ ‪ During 2010, Glad Corporation sold equipment costing $150,000 for $70,000. Required: 1. Prepare a statement of cash flows for Glad Corp. for 2010 using the indirect method. 2. Prepare the operating activities section of the statement of cash flows for Glad Corp. for 2010 using the direct method.
‪ The following are Glad Corporation's 2009 and 2010 year-end balance sheets and the 2010 income statement. ‪ ‪ During 2010, Glad Corporation sold equipment costing $150,000 for $70,000. Required: 1. Prepare a statement of cash flows for Glad Corp. for 2010 using the indirect method. 2. Prepare the operating activities section of the statement of cash flows for Glad Corp. for 2010 using the direct method.
During 2010, Glad Corporation sold equipment costing $150,000 for $70,000.
Required:
1. Prepare a statement of cash flows for Glad Corp. for 2010 using the indirect method.
2. Prepare the operating activities section of the statement of cash flows for Glad Corp. for 2010 using the direct method.

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