Use the following information of VPI Company to prepare a statement of cash flows for...
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Use the following information of VPI Company to prepare a statement of cash flows for the year ended December using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign. Cash balance at prior yearend $ Gain on sale of machinery $ Increase in inventory Cash received from sale of machinery Depreciation expense Increase in accounts payable Cash received from issuing stock Net income Cash paid for dividends Decrease in accounts receivable
Use the following information of VPI Company to prepare a statement of cash flows for the year ended December using the indirect method.
Note: Amounts to be deducted should be indicated by a minus sign.
Cash balance at prior yearend $ Gain on sale of machinery $
Increase in inventory Cash received from sale of machinery
Depreciation expense Increase in accounts payable
Cash received from issuing stock Net income
Cash paid for dividends Decrease in accounts receivable
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