Gain on sale of investments 80
income before tax 1,270
income tax expense 550
n...
Business, 28.12.2019 00:31 clashofclans17
Gain on sale of investments 80
income before tax 1,270
income tax expense 550
net income 720
cash dividends 260
income retained in business $460
additional information:
during the year, $70 of common stock was issued in exchange for plant assets.
no plant assets were sold in 2017.
prepare a statement of cash flows using the indirect method.
Answers: 3
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