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5. The 2021 and 2020 balance sheets of Wagner Corporation follow. The 2021 income statement is also provided. Wagner had no noncash investing and financing
5. The 2021 and 2020 balance sheets of Wagner Corporation follow. The 2021 income statement is also provided. Wagner had no noncash investing and financing transactions during 2021. During the year, the company sold equipment for $15,300, which had originaly cost $13,700 and had a book value of $11,300. The company did not issue any notes payable during the year but did issue common stock for $32,000. The company purchased plant assets and long-term investments with cash. (Click the icon to view the income statement.) ziclick the ioon to view the balince sheets.) Requirements 1. Prepare the statement of cash flows for Wagner Corporaton for 2021 using the indirect methad. 2. Evaluate the company's cash flows for the year. Disouss each of the categories of cash flows in your response. Requirement 1. Prepare the statement of cash flows for Wagner Corporation for 2021 using the indirect method. Aracted or for a net cash cullilow. Wagner Corporation's cash flows look . They had peovided by operafing activities. The invesing activities some cash. These activities included (20) The finanding activibes (21) cash (22) and (23) . The corporation also (24) 5. The 2021 and 2020 balance sheets of Wagner Corporation follow. The 2021 income statement is also provided. Wagner had no noncash investing and financing transactions during 2021. During the year, the company sold equipment for $15,300, which had originaly cost $13,700 and had a book value of $11,300. The company did not issue any notes payable during the year but did issue common stock for $32,000. The company purchased plant assets and long-term investments with cash. (Click the icon to view the income statement.) ziclick the ioon to view the balince sheets.) Requirements 1. Prepare the statement of cash flows for Wagner Corporaton for 2021 using the indirect methad. 2. Evaluate the company's cash flows for the year. Disouss each of the categories of cash flows in your response. Requirement 1. Prepare the statement of cash flows for Wagner Corporation for 2021 using the indirect method. Aracted or for a net cash cullilow. Wagner Corporation's cash flows look . They had peovided by operafing activities. The invesing activities some cash. These activities included (20) The finanding activibes (21) cash (22) and (23) . The corporation also (24)
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