Question
Assignment 2 Open Book Test Q.1 The financial statements for the Best Buy Store Inc. areas follows: Marks 15 INCOME STATEMENT 2019 Sales S800.0000 Cost
Assignment 2 Open Book Test Q.1 The financial statements for the Best Buy Store Inc. areas follows: Marks 15 INCOME STATEMENT 2019 Sales S800.0000 Cost of goods sold 500.000 Gross Profit Selling and Operating Expertise 213.00.00 Net Operating Income 87.0000 Non-operating items: Gain on sale of investing Loss on sale of equipment 3.000 Income before tres 90.0000 Income Taxes Net Income During 2019. BestBuy sold some equipment for $200,000 that had cost $400,000 and on which there was accumulated depreciation of $160,000. In addition, the company sold the long-term investment for S100,000 that had cost $30,000 when purchased several years ago. A cash dividend was paid during 2019, and the company repurchased $400,000 of its own stock BestBuy did not retire any bonds during 2019. BestBuy Inc. Balance Sheet 2019 Lea De Required: Prepare a Cash Flow statement including operating, financing and investing activities. Place the bracket around the cash outlays, Operating activities should be prepared by direct Merhad. i need this solution
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