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Lori Crump owns a small trucking operation The bookkeeper presented Crump with the following income statements and balance sheets for 2010 and 2009 Crump does not understand how the company can be

Lori Crump owns a small trucking operation. The bookkeeper presented Crump with the following income statements and balance sheets for 2010 and 2009. Crump does not understand how the company can be $17,600 ahead of last year in terms of cash on hand and yet show an $11,000 loss for the year. Required: Prepare a cash flow statement (indirect method) to use in explaining this to Lori Crump.

May 14 2020 View more View Less

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