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ACCT 557 Week 6 Homework Perfect A+ Answers

ACCT 557 Week 6 Homework Perfect A+ Answers

Problems:
Financial data of Fancy Footwork Company for 2013 and 2012 are presented below.
Additional information:

During the year, $9000 of common stock was issued in exchange for plant assets. No plant assets were sold in 2012. Cash dividends were $32500.
Required:
A) Prepare a statement of cash flows using the indirect method
B) Prepare a statement of cash flows using the direct method. (Do not prepare a reconciliation schedule.)

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ACCT 557 Week 6 Homework Perfect A+ Answers

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