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Question 1: Preparing Statement of Cash Flows
Given the following information, prepare a statement of cash flows.
DATA
Increase in accounts receivable
30
Increase in inventories
Operating Income
95
Interest Expense
Increase in accounts payable
25
Dividends
15
Increase in common stock
20
Increase in net fixed assets
23
Depreciation Expense
12
Income taxes
17
Beginning cash
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