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Exercise 12-13 (Algo) Indirect: Preparing statement of cash flows LO P2, P3 Additional Information on...

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Accounting

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Exercise 12-13 (Algo) Indirect: Preparing statement of cash flows LO P2, P3 Additional Information on Current-Year Transactions o. No dividends are declared or paid. b. Issued additional stock for $20,000 cash c. Purchased equipment for cash, no equipment was sold. 1. Use the above information to prepare a statement of cash flows for the current year using the indirect method (Amounts to be deducted should be indicoted by a minus sign.) \begin{tabular}{|l|l|} \hline Adjustments to reconcile net Income to net cash used in operating activities. \\ \hline Income staternent items not allecting cash \\ \hline Changes in current operating assets and liabieisios \\ \hline \end{tabular}

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