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Guadiana Corporation's Balance Sheet and Income Statement Appear Below

Question 87

Essay

Guadiana Corporation's balance sheet and income statement appear below: Guadiana Corporation's balance sheet and income statement appear below: Cash dividends were $34. The company sold equipment for $11 that was originally purchased for $5 and that had accumulated depreciation of $3. Required: Prepare a statement of cash flows for the year using the indirect method.
Guadiana Corporation's balance sheet and income statement appear below: Cash dividends were $34. The company sold equipment for $11 that was originally purchased for $5 and that had accumulated depreciation of $3. Required: Prepare a statement of cash flows for the year using the indirect method.
Cash dividends were $34. The company sold equipment for $11 that was originally purchased for $5 and that had accumulated depreciation of $3.
Required:
Prepare a statement of cash flows for the year using the indirect method.

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