The 2017 comparative balance sheet and income statemen
Question and Solution
The 2017 comparative balance sheet and income statement of Riverbend Pools Inc. follow. Riverbend had no non-cash inve
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The 2017 comparative balance sheet and income statement of Riverbend Pools Inc. follow. Riverbend had no non-cash investing and financing transactions during 2017. During the year, there were no sales of land or equipment, no issuances of notes payable, and no share repurchase transactions. Requirements 1. Prepare the statement of cash flows of Riverbend Pools Inc. for the year ended December 31, 2017. Determine cash flows from operating activities by the indirect method. 2. How will what you learned in this problem help you evaluate an investment?
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