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AutoSave Off = Ch 15 Learning Case - Compatibility Mode - Saved to this PC PROBLEM 15-7 Prepare a Statement of Cash Flows LO15-1, LO15-2
AutoSave Off = Ch 15 Learning Case - Compatibility Mode - Saved to this PC PROBLEM 15-7 Prepare a Statement of Cash Flows LO15-1, LO15-2 Comparative financial statements for Weaver Company follow: AutoSave off =Ch15 Learning Case - Compatibility Mode - Saved to this PC During this year, Weaver sold some equipment for $20 that had cost $40 and on which there was accumulated depreciation of $16. In addition, the company sold long-term investments for $10 that had cost $3 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $40 of its own stock. This year Weaver did not retire any bonds. Required: 1. Using the indirect method, determine the net cash provided by operating activities for this year. 2. Using the information in (1) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year
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