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Cash dividends of $ 1 4 , 0 0 0 were declared and paid in 2 0 2 0 . Land was sold for cash
Cash dividends of $ were declared and paid in
Land was sold for cash at a loss of $ This was the only land transaction during the year.
Equipment with a cost of $ and accumulated depreciation of $ was sold for $ cash.
$ of bonds were retired during the year at carrying book value.
Equipment was acquired for common stock. The fair value of the stock at the time of the exchange was $
Prepare a statement of cash flows for the year ended using the indirect method. Show amounts that decrease cash flow with either a sign eg or in parenthesis eg
HALPERN CORPORATION
Statement of Cash Flows
For the Year Ended December
Cash Flows from Operating Activities
Adjustments to reconcile net income to
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