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Avatar Company Uses the Indirect Method to Prepare Its Statement

Question 82

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Avatar Company uses the indirect method to prepare its statement of cash flows. Using the worksheet shown below, please enter the adjustments needed to record the following transactions:
.Issued common stock for $28,000.
.Issued new long-term notes payable for $34,000.
. Repaid long-term notes payable for $40,000. Avatar Company uses the indirect method to prepare its statement of cash flows. Using the worksheet shown below, please enter the adjustments needed to record the following transactions: .Issued common stock for $28,000. .Issued new long-term notes payable for $34,000. . Repaid long-term notes payable for $40,000.

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