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Question - Comparative balance sheets for 2018 and 2017, a statement of income for 2018, and additional information from the accounting records of Red, Inc., are provided below.
Additional information from the accounting records:
1. During 2018, $231 million of equipment was purchased to replace $180 million of equipment (90% depreciated) sold at book value.
2. In order to maintain the usual policy of paying cash dividends of $51 million, it was necessary for Red to borrow $51 million from its bank.
Required - Prepare the statement of cash flows of Red, Inc. using the indirect method to report operating activities.
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in january 2014 domingo inc. acquired 20 percent of the outstanding common stock of martes inc. for 811000. this
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Describe also how accountants in public accounting and consulting are affected by this section of SOX
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