Each of these items must be considered in preparing a statement of cash flows for Irvin Co.

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Each of these items must be considered in preparing a statement of cash flows for Irvin Co. for the year ended December 31, 2017. For each item, state how it should be shown in the statement of cash flows for 2017.

(a) Issued bonds for $\$ 200,000$ cash.

(b) Purchased equipment for $\$ 180,000$ cash.

(c) Sold land costing $\$ 20,000$ for $\$ 20,000$ cash.

(d) Declared and paid a $\$ 50,000$ cash dividend.

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Financial Accounting Tools For Business Decision Making

ISBN: 9781119316022

8th Edition

Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

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Question Posted: Jun 25, 2024 02:03 AM

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Each of these items must be considered in preparing a statement of cash flows for Irvin Co.

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Financial Accounting Tools For Business Decision Making

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