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Carston Company's comparative balance sheet and income statement for last year appear below:
The company declared and paid $27,000 in cash dividends during the year.It did not dispose of any property,plant,and equipment during the year.
Required:
Construct in good form the operating activities section of the company's statement of cash flows for the year using the direct method.
Executory Contract
A contract that has not yet been fully performed.
Executory
Executory refers to a contract or agreement in which some future act or obligation remains to be performed under its terms.
Executed
denotes something that has been completed, carried out, or fully accomplished according to plan or command.
Void
Having no legal force or effect; null and incapable of being ratified or confirmed.
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