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1. Where do the components of the changes in retained earnings appear in the statement of cash flows? Assume the indirect method is used to prepare the statement of cash flows.

2. How is the sale of equipment at a loss reported on the statement of cash flows? Assume the indirect method is used to prepare the statement of cash flows.

3. What does an increase in inventory imply? How would this increase in inventory be reported under the indirect method?

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Category:- Basic Finance
Reference No.:- M92096035

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