Calculate investing and financing cash flows. (LO 6) To prepare its statement of cash flows for the
Question:
Calculate investing and financing cash flows. (LO 6)
To prepare its statement of cash flows for the year ended December 31, 2007, Wright Company gathered the following information.
\section*{Required}
a. Prepare the cash from investing section of the statement of cash flows
b. Prepare the cash from financing section of the statement of cash flows.
Transcribed Image Text:
Proceeds from bond issue (face value $100,000) $120,000 Amortization of bond premium 1,000 Dividends declared 15,000 Dividends paid 12,000 Purchase of treasury stock 50,000 Loss on sale of machinery Proceeds from sale of machinery 18,000 30,000
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