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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