The comparative balance sheet of Crossbow Novelties Co
Question and Solution
The comparative balance sheet of Crossbow Novelties Corp. at December 31, 2017, reported the following: Crossbow's tra
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The comparative balance sheet of Crossbow Novelties Corp. at December 31, 2017, reported the following: Crossbow's transactions during 2017 included the following: Requirements 1. Prepare the statement of cash flows of Crossbow Novelties Corp. for the year ended December 31, 2017. Use the indirect method to report cash flows from operating activities. Report non-cash investing and financing activities in an accompanying schedule. 2. Evaluate Crossbow's cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation?
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