Make a statement of income for CS Co

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Problem 1: Prepare a statement of financial position and a statement of income for CS Co. as of, and for the year ended, December 31, 2020. You may combine accounts as appropriate (your judgment). Note that data is available for 2019, but you are preparing statements only for the year 2020. 2. Given the information you have, calculate cash flow from operating activities (just operating activities) for the year ended December 31, 2020. You'll need to make some assumptions since you don't have all of the information you would need normally.

Reference no: EM132708670

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