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Business Accounting The 2015 comparative statement of financial position and income statement
The 2015 comparative statement of financial position and income statement
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The 2015 comparative statement of financial position and income statement of A. Karev Medical Supplies follow:
A. Karev Medical Supplies Comparative Statement of Financial Position December 31, 2015 and 2014 INCREASE (DECREASE) 201
A. Karev Medical Supplies had no noncash investing and financing transactions during 2015. During the year, A. Karev Medical Supplies made no sales of land or equipment, no issuance of notes payable, no retirement of shares, and no treasury share transactions.
Requirements
1. Prepare the 2015 statement of cash flows, formatting operating activities by the indirect method.
2. How will what you learned in this problem help you evaluate an investment in A. Karev Medical Supplies?
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