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Presented below is selected financial information for Yvonne Corporation for December 31, 2012.
Inventory
$25,000
Cash paid to purchase equipment
$12,000
Cash paid to suppliers
104,000
Equipment
40,000
Building
200,000
Revenues
100,000
Common stock
50,000
Cash received from customers
132,000
Cash dividends paid
7,000
Cash received from issuing
common stock
22,000
Instructions
(a) Determine which items should be included in a statement of cash flows and then prepare the statement for Yvonne Corporation.
(b) Comment on the adequacy of net cash provided by operating activities to fund the company"s investing activities and dividend payments
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