Statement of cash flows: Analysis
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1. Net income was $27,382. Dividends declared and paid were $23,595.
2. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for $5,929.
Prepare a statement of cash flows for 2008 using the indirect method.
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The solution explains how to prepare a statement of cash flows using the indirect method.
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