Prepare statement of cash flows for the year ended December

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Question - Use the X-cell Inc. financial statements and supplementary information given below to prepare a statement of cash flows for the year ended December 31, 2014, using the indirect method.

Additional Information:

a. Purchased machinery for $46,000 cash.

b. Sold the long-term investment on January 1, 2014 for $18,000.

c. Sold machinery for $17,500 cash that had originally cost $67,000 and had $49,500 of accumulated depreciation.

d. Issued $28,000 of bonds payable at face value.

e. The short-term investment is a treasury bill that was purchased with maturity in 90 days.

Reference no: EM133072624

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