Lily Corporation's comparative balance sheets are presented below. Additional information: 1. Net income was $22,200....
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Lily Corporation's comparative balance sheets are presented below. Additional information: 1. Net income was $22,200. Dividends declared and paid were $17,400. 2. No noncash investing and financing activities occurred during 2022. 3. The land was sold for cash of $4,600. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g
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Lily Corporation's comparative balance sheets are presented below. Additional information: 1. Net income was $22,200. Dividends declared and paid were $17,400. 2. No noncash investing and financing activities occurred during 2022. 3. The land was sold for cash of $4,600. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g
