Business, 10.08.2021 02:10 hannahkharel2

Additional Information a. A $29,000 note payable is retired at its $29,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $64,100 cash. d. Received cash for the sale of equipment that had cost $48,900, yielding a $2,400 gain. e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. f. All purchases and sales of inventory are on credit. rev: 02_22_2016_QC_CS-42396 Required: (1) Prepare a statement of cash flows for the year ended June 30, 2015, using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

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Additional Information a. A $29,000 note payable is retired at its $29,000 carrying (book) value in...

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