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How the items below would be entered in a worksheet

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Reference no: EM131110703

1. Indicate in general journal form how the items below would be entered in a worksheet for the preparation of the statement of cash flows.

(a) Net income is $317,000.

(b) Cash dividends declared and paid totaled $120,000.

(c) Equipment was purchased for $114,000.

(d) Equipment that originally cost $40,000 and had accumulated depreciation of $32,000 was sold for $10,000. 

Reference no: EM131110703

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