Comparative financlal statement data for Carmono Company follow: For year 2. the company reported net...
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Accounting
Comparative financlal statement data for Carmono Company follow: For year 2. the company reported net income as follows: Dividends of 514 were declared and pald duting year 2 Required: Using the indirect method, prepare a cash flowstatement for year 2 . (List any deduction in cash and cosh outflows as negotive amounts.) CARMONO COMPANY Cash Flow Statement For Year 2 Operating activities: Adjustments needed to convert net income to a cash basis: Investing activities: Financing activities Cash, beginning of the year Cash, end of the year
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