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The Following Is a Comparative Balance Sheet for Cool Covers

Question 64

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The following is a comparative balance sheet for Cool Covers Clothiers Inc.for the years 2014 and 2013:
The following is a comparative balance sheet for Cool Covers Clothiers Inc.for the years 2014 and 2013: The income statement for the year ended December 31,2014,follows: After paying cash dividends,the decrease in retained earnings totaled $95,000.Management is alarmed by the shrinkage in the company's cash position during 2014.Prepare a statement of cash flows for 2014 using the direct method.
The income statement for the year ended December 31,2014,follows:
The following is a comparative balance sheet for Cool Covers Clothiers Inc.for the years 2014 and 2013: The income statement for the year ended December 31,2014,follows: After paying cash dividends,the decrease in retained earnings totaled $95,000.Management is alarmed by the shrinkage in the company's cash position during 2014.Prepare a statement of cash flows for 2014 using the direct method.
After paying cash dividends,the decrease in retained earnings totaled $95,000.Management is alarmed by the shrinkage in the company's cash position during 2014.Prepare a statement of cash flows for 2014 using the direct method.

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