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A building that originally cost $28,000, and which was three-fourths depreciated, was sold for $4,000. The common stock of Byrd Corporation was purchased for $4,000

  1. A building that originally cost $28,000, and which was three-fourths depreciated, was sold for $4,000.
  2. The common stock of Byrd Corporation was purchased for $4,000 as a long-term investment.
  3. Property was acquired by issuing a 11%, seven-year, $15,000 note payable to the seller.
  4. New equipment was purchased for $17,000 cash.
  5. On January 1, 2021, bonds were sold at their $25,000 face value.
  6. On January 19, Dux issued a 5% stock dividend (1,000 shares). The market price of the $10 par value common stock was $14 per share at that time.
  7. Cash dividends of $15,000 were paid to shareholders.
  8. On November 12, 500 shares of common stock were repurchased as treasury stock at a cost of $6,000.

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https://ezto.mheducation.com/ext/map/index.html?_con=con&extern ply: Homework [due day 7] i Save DUX COMPANY Statement of Cash Flows For the year ended December 31, 2021 ($ in thousands) Cash flows from operating activities: Cash inflows: Cash outflows: CEE Net cash flows from operating activities Cash flows from investing activities: thes- Home Books & Tools Connect X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fvle.phoen : Homework [due day 7] Saved Help DUX COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $ 220 Dividend revenue 5 $ 225 Expenses Cost of goods sold 130 Salaries expense 29 Depreciation expense 5 Bad debt expense Interest expense Loss on sale of building Income tax expense 14 189 Net income $ 36 Additional information from the accounting records. a. A building that originally cost $28,000, and which was three-fourths depreciated, was sold for $4,000. b. The common stock of Byrd Corporation was purchased for $4.000 as a long-term investment. c. Property was acquired by issuing a 11%, seven-year, $15,000 note payable to the seller. d. New equipment was purchased for $17,000 cash. e. On January 1, 2021, bonds were sold at their $25,000 face value. f. On January 19, Dux issued a 5% stock dividend (1,000 shares). The market price of the $10 par value common stock was $14 per share at that time. g. Cash dividends of $15.000 were paid to shareholders. h On November 12, 500 shares of common stock were repurchased as treasury stock at a cost of $6,000

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