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Exercise 23-11 (E23-11) SCF—Indirect Method

Exercise 23-11 (E23-11) SCF—Indirect Method
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Solution Guide / Answer Key:

ACCOUNTING

ACC 421
Intermediate Financial Accounting I
Axia College of University of Phoenix (UoP)

Intermediate Accounting
Weygandt, Kieso, Warfield

Week Five (Week 5)

Exercise 23-11 (E23-11) (SCF-Indirect Method) Condensed financial data of Pat Metheny Company for 2008 and 2007 are presented below

AND SO ON

Additional information:
During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2008.

Instructions
Prepare a statement of cash flows using the indirect method.

 

FILE: MS WORD

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