Dupr Corp. is a private company reporting under ASPE. The following selected accounts are from the general

Question:

Dupré Corp. is a private company reporting under ASPE. The following selected accounts are from the general ledger for the year ended December 31, 2024 


Additional information: 

July 31 Equipment was purchased for cash. 

Aug. 23 A cash dividend was paid. 

Nov. 10 A loss of $3,000 was incurred on the sale of equipment. 

Dec. 31 Depreciation expense was recorded for the year. 

Dec. 31 Closing entries were recorded. 


Instructions 

From the postings in the above accounts and additional information provided, indicate what information would be reported in the investing and financing activities sections of the cash flow statement.

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Related Book For  book-img-for-question

Accounting Principles Volume 2

ISBN: 9781119786634

9th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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