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The Following Schedule of Information Relates to Penelope Products for the Year

Question 55

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The following schedule of information relates to Penelope Products for the year, 2016:
The following schedule of information relates to Penelope Products for the year, 2016:    The cash balance was $48,000 at the beginning of 2016. In good form, prepare a 2016 statement of cash flows for Penelope Products using the indirect method. The cash balance was $48,000 at the beginning of 2016. In good form, prepare a 2016 statement of cash flows for Penelope Products using the indirect method.

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