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Statement of Cash Flows

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Please follow the questions, and balance sheet and Income statement are attached.

Additional Information

1. There was no gain or loss on the sales of the long-term investments, nor on the bonds retired.

2. Old machinery with an original cost of $45,060 was sold for $2,520 cash.

3. New machinery was purchased for $81,060 cash.

4. Cash dividends of $ 40,320 were paid.

5. Additional shares of stock were issued for cash

Prepare a complete statement of cash flows for calendar-year 2009 using the indirect method.

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Solution Summary

Given a balance sheet and an income statement, this solution illustrates how to complete a statement of cash flows using the indirect method.

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