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accounting help! thank youu! Comparative financial statements for Weaver Company follow: Weaver Company Direct Method of Determining the Net Cash flows from Operating activities During
accounting help! thank youu!
Comparative financial statements for Weaver Company follow: Weaver Company Direct Method of Determining the Net Cash flows from Operating activities During this year, Weaver soid some equipment for $14 that had cost $53 and on which there was accumulated depreciation of $34. In addition, the company sold long-term imvestments for $58 that had cost $50 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $123 of its own stock. This year Weaver did not retire any bonds. Required: 1. Using the direct method, adjust the company's income statement for this year to a cash basis. 2. Using the information obtained in (1) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year. Complete this question by entering your answers in the tabs below. \begin{tabular}{|c|c|} \hline Total cash disbursements & 0 \\ \hline & 0 \\ \hline \multicolumn{2}{|l|}{ Investing activities: } \\ \hline & \\ \hline & - \\ \hline 2 & \\ \hline & 0 \\ \hline \multicolumn{2}{|l|}{ Financing activities: } \\ \hline & \\ \hline & \\ \hline & \\ \hline & 0 \\ \hline & 0 \\ \hline \multicolumn{2}{|l|}{ Beginning cash and cash equivalents } \\ \hline Ending cash and cash equivalents & $ \\ \hline \end{tabular} Step by Step Solution
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