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Problem - The following are comparative balance sheets for Mitch Company.
Additional information: Net income for 2017 was $93,000. Depreciation expense was $34,000. Cash dividends of $39,000 were declared and paid. Bonds payable amounting to $50,000 were redeemed for cash $50,000. Common stock was issued for $42,000 cash. No equipment was sold during 2017. Land was sold for its book value.
Instructions - Prepare a statement of cash flows for 2017 using the indirect method. Identify phases of product life cycle.
Attachment:- MITCH COMPANY finance.rar
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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