Additional data: Depreciation expense was $16,500. Dividends declared and paid were $27,460. During the year,...
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Additional data: Depreciation expense was $16,500. Dividends declared and paid were $27,460. During the year, equipment was sold for $8,600 cash. This equipment originally cost $18,300 and had accumulated depreciation of $9,700 at the time of sale. Bonds were redeemed at their carrying value. Common stock was issued at par for cash. (a) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) WATERWAY COMPANY Statement of Cash Flows $ Adjustments to reconcile net income to $
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