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Business, 30.07.2021 23:50 cjkc

Bought new golf clubs using cash, $1,000. Borrowed $2,000 cash from the bank during the year. Accounts Payable includes only purchases of services made on credit for operating purposes. Because there are no liability accounts relating to income tax, assume that Income Tax Expense was fully paid in cash. Required: 1. Prepare the statement of cash flows for the current year ended December 31 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

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Bought new golf clubs using cash, $1,000. Borrowed $2,000 cash from the bank during the year. Accoun...
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