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    Statement of cash flows for the year ended December 31, 200

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    Prepare a statement of cash flows for the year ended December 31, 2005, using the indirect method.

    Please see the attached Balance Sheet, Please ass the additional information to the Balance Sheet.

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    https://brainmass.com/business/finance/statement-cash-flows-year-ended-december-231512

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    1. The comparative balance sheets for Kohl Company appear below:
    KOHL COMPANY
    Comparative Balance Sheet
    Dec. 31, 2005 Dec. 31, 2004
    Assets
    Cash $23,000 $12,000
    Accounts receivable 18,000 14,000
    Prepaid expenses 6,000 9,000
    Inventory 27,000 18,000
    Land 0 18000
    Equipment 60,000 30,000
    Accumulated depreciation-equipment -18,000 -14,000
    Total assets $116,000 $87,000

    Liabilities and Stockholders' Equity
    Accounts payable $21,000 $9,000
    Bonds ...

    Solution Summary

    Response provides the steps to prepare the statement of cash flows using the indirect method.

    $2.19

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