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QUESTION
Cash Flow Statement
Create a Cash Flow Statement for Global Corporation for 2007. The Balance Sheet and Income Statements are provided below. Supplemental information:
- Additions to PP&E for 2007 is $33.4 million
- Dividends for 2007 were $1 million
- Ignore Retained Earnings Calculation: Net Income and Dividends are provided.
- No change in common stock
- S/E increased $1 million = ΔR/E (NI-Div)
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