Statement of Cash Flows
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The following income statement and balance sheet information are available for two firms. Prepare a statement of cash flows for each firm using the in-direct method. Analyze the difference in the two firms.
Attached is the financial statements as p140.doc.
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Solution Summary
This solution prepares and analyzes statement of cash flows from 2 different companies.
Solution Preview
*The statement of cash flows from both companies is in the attached Excel file.
Analysis of Differences
Despite having the same net income, firm A has a net cash flow of 2000 and firm B has a net ...
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