The comparative balance sheets for 2024 and 2023 are given below for Surmise Company. Net...
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The comparative balance sheets for and are given below for Surmise Company. Net income for was $ million. Required: Prepare the statement of cash flows of Surmise Company for the year ended December Use the indirect method to present cash flows from operating activities because you do not have sufficient information to use the direct method. You will need to make easonable assumptions concerning the reasons for changes in some account balances. A spreadsheet or Taccount analysis will be eelpful. Hint: The right to use a building was acquired with a sevenyear lease agreement. Annual lease payments of $ million are baid at January of each year starting in Note: Enter your answers in millions ie should be entered as Amounts to be deducted should be indicated with minus sign. 
The comparative balance sheets for and are given below for Surmise Company. Net income for was $ million.
Required:
Prepare the statement of cash flows of Surmise Company for the year ended December Use the indirect method to present
cash flows from operating activities because you do not have sufficient information to use the direct method. You will need to make
easonable assumptions concerning the reasons for changes in some account balances. A spreadsheet or Taccount analysis will be
eelpful. Hint: The right to use a building was acquired with a sevenyear lease agreement. Annual lease payments of $ million are
baid at January of each year starting in
Note: Enter your answers in millions ie should be entered as Amounts to be deducted should be indicated with
minus sign.
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