ANSWERS TO QUESTIONS

(k) 1. (b) 3. (g) 5. (l) 2. (c) 4. (h) 4. (m) 2. (d) 3. (i) 5. (e) 1. (j) 4. EXERCISE 5-14 (25–35 minutes) Constantine Cavamanlis Inc. Statement of Cash Flows For the Year Ended December 31, 2007 Cash flows from operating activities Net income $44,000 Adjustments to reconcile net income to net cash provided by operating activities ... ................
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