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Home Q & A Board Other Fields Homework Help Business Accounting
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ktpizzle1993 ktpizzle1993
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A year ago

Marks Corporation's balance sheet appears below:

Comparative Balance Sheet
Ending BalanceBeginning Balance
Assets:
Cash and cash equivalents$ 47$ 37
Accounts receivable5357
Inventory6360
Property, plant, and equipment548440
Less accumulated depreciation295255
Total assets$ 416$ 339
Liabilities and stockholders' equity:
Accounts payable$ 52$ 50
Bonds payable260250
Common stock5150
Retained earnings53(11)
Total liabilities and stockholders' equity$ 416$ 339

Net income for the year was $77. Cash dividends were $13. The company did not dispose of any property, plant, and equipment, retire any bonds payable, or repurchase any of its own common stock during the year.

Required:

Prepare a statement of cash flows in good form using the indirect method.

Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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elisebarnettelisebarnett
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A year ago
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ktpizzle1993 Author
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A year ago
Good timing, thanks!
jasonbourne
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Yesterday
Thank you, thank you, thank you!
Loruiz15
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2 hours ago
This site is awesome
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