Carr Corporation's Comparative Statement of Financial Position and Income Statement

question 7

Essay

Carr Corporation's comparative statement of financial position and income statement for last year appear below:
The company declared and paid $47,000 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.

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Definitions:

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