James Madison University
Chapter 14 – Cash FlowsThe Setchel Company has provided the income statement and comparative balance sheet for 2015 (found on the “template” file. Additional necessary data:The original cost of the equipment was $175,000In 2015 the equipment was sold for $115,285 and accumulated depreciation was $65,000.Required:Prepare a statement of cash flows for 2015 utilizing the indirect method. ................
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