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Allen Moving Company Uses the Indirect Method to Prepare Its

Question 62

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Allen Moving Company uses the indirect method to prepare its statement of cash flows.Refer to the following portion of the comparative balance sheet:
Allen Moving Company uses the indirect method to prepare its statement of cash flows.Refer to the following portion of the comparative balance sheet: If the net income for the year was $61,000,the company must have declared $26,000 as dividends during the year.
If the net income for the year was $61,000,the company must have declared $26,000 as dividends during the year.

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