Complete the Statement of Cash Flows using Indirect method Welsh Services, Ltd. Balance Sheets...
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Complete the Statement of Cash Flows using Indirect method
Welsh Services, Ltd. Balance Sheets At December 31 Prepare a Statement of Cash Flows for the current year using the Indirect Method. Please refer to the Balance Sheet and Income Statement. The company included a \$27,150 Loss on Disposal of Investments in Selling, General and Administrative Expenses on the Income Statement. Assume accrued liabilities relate to Selling, General and Administrative Expenses. All dividends declared are paid in cash. All interest and taxes are paid in cash. Acquisitions of land and property, plant and equipment used cash only. You should not talk to anyone about this test. This includes classmates, other instructors or any accountants. Late tests will not be accepted
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