Smith Company Indirect Method of Cash Flows
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You are the senior accountant for the Smith Company. Using the information provided, prepare a statement of cash flows using the indirect method.
(see attached)
Additional information is as follows:
Equipment was sold for $26 during the year, which had cost $30 accumulated depreciation of $10.
Cash dividends of $33 were paid during the year.
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The solution presented in Excel for you. The indirect method for cash flows are determined.
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