the comparative statement of financial position of marubeni corporation for the fisc 4375146

The comparative statement of financial position of Marubeni Corporation for the fiscal year ending December 31, 2014, follows: Net income of $37,000 was reported and dividends of $13,000 were paid in 2014. New equipment was purchased, and equipment with a carrying value of $5,000 (cost of $ 12,000 and accumulated depreciation of $7,000) was sold for $8,000. Instructions Prepare a statement of cash flows using the indirect method for cash flows from operating activities. Assume that Marubeni prepares financial statements in accordance with ASPE. View Solution:
The comparative statement of financial position of Marubeni Corporation for

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