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Answer all questions please. Preparing a Statement of Cash Flows (Indirect Method) Dair Company's income statement and comparative balance sheets follow. During 2013, the company
Answer all questions please.
Preparing a Statement of Cash Flows (Indirect Method) Dair Company's income statement and comparative balance sheets follow. During 2013, the company sold for exist17.000 cash old equipment that had cost exist36.000 and had exist19.000 accumulated depreciation. Also in 2013, new equipment worth exist60,000 was acquired in exchange for exist60.000 of bonds payable, and bonds payable of exist120.000 were retired for cash at a loss. A exist26,000 cash dividend was declared and paid in 2013. Any stock issuances were for cash. Required a. Compute the change in cash that occurred in 2013. b. Prepare a 2013 statement of cash flows using the indirect method. c. Prepare separate schedules showing (1) cash paid for interest and for income taxes and (2) noncash investing and financing transactions. d. Compute its (1) operating cash flow to current liabilities ratio. (2) operating cash flow to capital expenditures ratio, and (3) free cash flowStep by Step Solution
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