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Oak and Tile Flooring Company

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Please see the attached problem. Prepare a statement of cash flows using the indirect method.

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The solution explains how to prepare a statement of cash flows using the indirect method for Oak and Tile Flooring Company.

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Oak and Tile Company
Statement of Cash Flow Indirect Method
For the year ended June 30, 2008
Cash Flow from Operating Activity $
Net Income 65,900
Add Depreciation 7,300 Depreciation is a non cash item
Add: Loss on Sale of Investment 5,000 The loss is a non cash expense and so ...

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