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a. Equipment with a book value of $78,500 and an original cost of $167,000 was sold at a loss of $34,000. b. Paid $106,000 cash
a. Equipment with a book value of $78,500 and an original cost of $167,000 was sold at a loss of $34,000. b. Paid $106,000 cash for a new truck. c. Sold land costing $325,000 for $420,000 cash, yielding a gain of $95,000. d. Stock investments were sold for $97,700 cash, yielding a gain of $14,750. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Additional Information on Current-Year Transactions a. No dividends are declared or paid. b. Issued additional stock for $20,000 cash. c. Purchased equipment for cash; no equipment was sold. 1. Use the above information to prepare a statement of cash flows for the current year using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) A comparative balance sheet and income statement is shown for Cruz, Incorporated. 1. Assume that all common stock is issued for cash. What amount of cash dividends is paid during 2021 ? 2. Assume that no additional notes payable are issued in 2021 . What cash amount is paid to reduce the notes payable balance in 2021? Complete this question by entering your answers in the tabs below. Assume that no additional notes payable are issued in 2021. What cash amount is paid to reduce the notes payable balance in 2021? A comparative balance sheet and income statement is shown for Cruz, Incorporated. 1. Assume that all common stock is issued for cash. What amount of cash dividends is paid during 2021 ? 2. Assume that no additional notes payable are issued in 2021 . What cash amount is paid to reduce the notes payable balance in 2021? Complete this question by entering your answers in the tabs below. Assume that all common stock is issued for cash. What amount of cash dividends is paid during 2021
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