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Prepare a statement of cash flows for year ending december

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Reference no: EM131823078

Problem - The income statement for the year ending December 31, 2008, and the balance sheets at December 31, 2007, and December 31, 2008, for Ferbs Company are attached.

Required: Prepare a statement of cash flows for the year ending December 31, 2008 using (a) the direct method and (b) the indirect method.

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Reference no: EM131823078

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