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P12-11A The comparative balance sheets for Vanco Company as of December 31 are
presented below.
VANCO COMPANY
Comparative Balance Sheets
December 31
Assets 2012 2011
Cash $ 68,000 $ 45,000
Accounts receivable 50,000 58,000
so on ....
Instructions
Prepare a statement of cash flows for the year ended December 31, 2012, using the indirect
method
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