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The diversified Portfolio Corp. provides investment

01 / 10 / 2021 Projects

This paper circulates around the core theme of The diversified Portfolio Corp. provides investment together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

The diversified Portfolio Corp. provides investment

Cash flow statement:The diversified Portfolio Corp. provides investment advice to customers. A condensed income statementfor the year ended December 31, 2016 is below:Service RevenueCost of goods soldGross Profit$222508000$14250Depreciation Expense1600Selling and Admin. Expenses6000Interest Expense400Income before income taxes6250Income tax expense2500Net Income$3750Depreciation expense for the year was $1600.The following balance sheet information is also available:Additional information:Diversified sold a piece of equipment with a book value of $500 for $500 cash. Original cost of theequipment was $1500 and its accumulated depreciation was $1000.Dividends of $1000 were declared and paid.A note payable due in 10 years was taken out from the bank during the current year.*Prepare the cash flow statement (using the Indirect method and/or direct method)



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