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statement of cash flow from the following information. Income Statement: Net Income $300,000 Depreciation Expense 30,000 Loss on Sale of Plant Assets 10,000 Interest Expense 500 Balance Sheet – 12/31/17: Accounts Payable Increase 4,000 Accounts Receivable Increase 5,000 Plant Assets – Proceeds from sale 100,000 Additional Information: Cash Balance – 12/31/2016: $50,000 Common Stock exchanged […]
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