P23-8 Comparative counterpoise quibble accounts of Sharpe Company are presented beneath.
and so on..................................
Additional data:
1. Equipment that require $10,000 and was 60% depreciated was sold in 2012.
2. Cash dividends were manifest and compensated during the year.
3. Common hoard was issued in modify for place.
4. Investments that require $35,000 were sold during the year.
5. There were no write-offs of uncollectible accounts during the year.
Sharpe’s 2012 allowance assertion is as follows.
and so on...................
Required:
A. Compute net coin supposing by liberal activities beneath the straightforward order.
B. Prepare a assertion of coin flows using the instraightforward order.
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