Condensed financial data of Ziebert Company are shown below. Additional information:1. New plant assets costing $146,000 were

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Condensed financial data of Ziebert Company are shown below.

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Additional information:1. New plant assets costing $146,000 were purchased for cash during the year.2. Investments were sold at cost.3. Plant assets costing $36,000 were sold for $15,000, resulting in a gain of $5,000.4. A cash dividend of $48,000 was declared and paid during the year.InstructionsPrepare a statement of cash flows using the indirectmethod.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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