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Preparing Statement of Cash Flows

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NOTE : Use excel or word only. Provide all supporting calculations to show how you arrived at your numbers Preparing Sta

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NOTE : Use excel or word only. Provide all supporting calculations to show how you arrived at your numbers Preparing Statement of Cash Flows    Boscia Corporation’s balance sheet appears below: Comparative Balance Sheet  Ending Balance Beginning Balance  Assets:  Cash and cash equivalents ……………………. $ 44 $ 38  Accounts receivable ……………………………. 82 69  Inventory …………………………………………… 71 69  Plant and equipment ……………………………. 537 500  Accumulated depreciation ……………………. ( 240) ( 201)  Total assets ………………………………………… $494 $475  Liabilities and stockholders’ equity:  Accounts payable ……………………………….. $ 70 $ 60  Wages payable ……………………………………. 24 21  Taxes payable …………………………………….. 19 22  Bonds payable ……………………………………. 226 300  Deferred taxes …………………………………….. 19 18  Common stock ……………………………………. 22 20  Retained earnings ……………………………….. 114 34  Total liabilities and stockholders’ equity .. $494 $475 

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