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Unformatted text preview: Retained Earnings 45,723 Beginning balance Dividends 600 6,300 Net income 51,423 Ending balance Reconciliation of net income to cash provided by (used by) operating activities If the direct method of preparing the statement of cash flows is used, the Financial Accounting Standards Board requires companies to disclose the reconciliation of net income to the net cash provided by (used by) operating activities that would have been reported if the indirect method had been used to prepare the statement....
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- Spring '09