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, 2025. For each item, state how it should be shown in the statement of cash flows for 2025.
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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Accounting Tools For Business Decision Making

ISBN: 9781119791058

8th Edition

Authors: Paul D. Kimmel,  Jerry J. Weygandt,  Jill E. Mitchell

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