Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Additional information from Dux's accounting records is provided also. a. A building that originally cost $40,000, and which was three-fourths depreciated, was sold for $7,000.

image text in transcribed
image text in transcribed
image text in transcribed
Additional information from Dux's accounting records is provided also. a. A building that originally cost $40,000, and which was three-fourths depreciated, was sold for $7,000. b. The common stock of Byrd Corporation was purchased for $4,000 as a longterm investment. c. Property was acquired by issuing a 14%, seven-year, $20,000 note payable to the seller. d. New equipment was purchased for $37,000 cash. e. On January 1, 2024, 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. 9. Cash dividends of $11,000 were paid to shareholders. h. On November 12,1,000 shares of common stock were repurchased as treasury stock at a cost of $8,000 Required: Prepare the statement of cash flows of Dux Company for the year ended December 31, 2024. Present cash flows from operating activities by the direct method. Note: Do not round your intermediate calculations. Enter your onswers in thousands (i.e., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign. DUX COMPANY Statement of Cash Flows For the year ended December 31,2024 ( $ in thousands) Cash flows from operating activities: Cash inflows

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Anti Fraud Risk And Control Workbook

Authors: Peter Goldmann, Hilton Kaufman

1st Edition

0470496533, 978-0470496534

More Books

Students also viewed these Accounting questions

Question

=+16.10. 2.19 16.9 | Assume u(1) Answered: 1 week ago

Answered: 1 week ago