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Cash Flows Statement (Inderect Method) And financial Statement: Use the inderect method to find net cash flow Additional Information on Current-Year Transactlons a. The loss
Cash Flows Statement (Inderect Method) And financial Statement: Use the inderect method to find net cash flow
Additional Information on Current-Year Transactlons a. The loss on the cash sale of equipment was $2,100 (detalls in b). b. Sold equipment costing $51,000, with accumulated depreciation of $22,850, for $25,050cash. c. Purchased equipment costing $113,250 by paying $43,250 cash and signing a long-tarm notes payable for d. Paid $42,500 cash to reduce the long-term notes payable. e. Issued 3,000 shares of common stock for $15 cash per share. f. Declared and paid cash dividends of $53,600Step by Step Solution
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