An analysis of accounts follows: a. Purchased equipment, $16,000, and issued capital stock in full payment. b.

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An analysis of accounts follows:

a. Purchased equipment, $16,000, and issued capital stock in full payment.

b. Purchased a long-term investment for cash, $10,000.

c. Paid cash dividend, $15,000.

d. Sold operational asset for $6,000 cash (cost, $21,000, accumulated depreciation, $15,000).

e. Sold capital stock, 300 shares at $12 per share cash.

An analysis of accounts follows: a. Purchased equipment, $16,000

Required:
Complete the spreadsheet for the statement of cash flows, indirectmethod.

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Financial Accounting

ISBN: 978-0073526881

6th Edition

Authors: Libby, Short

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Question Posted: Jul 27, 2012 02:27 AM

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An analysis of accounts follows: a. Purchased equipment, $16,000, and issued capital stock in full payment. b.

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Balances Analysis Balances Item 12312010 Debit Credit 12312011 Cash 20500 l 1700 18800 Noncash accou...View the full answer

Financial Accounting

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