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Booth Manufacturing has provided the following financial statements.
Other information includes: (a) Equipment with a book value of $125,000 was sold for $175,000 (original cost was $225,000); and (b) Dividends of $225,000 were declared and paid.
Statement of Cash Flows: Direct Method Refer to the information for Booth Manufacturing above.
Required:
Calculate operating cash flows using the direct method.
Jun 27 2020 View more View Less
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