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ceates cash flow statment Presented here are the financial statements of Martinez Company. Martinez Company Comparative Balance Sheets December 31 Additionaldata: 1. Depreciation expense was
ceates cash flow statment
Presented here are the financial statements of Martinez Company. Martinez Company Comparative Balance Sheets December 31 Additionaldata: 1. Depreciation expense was $45,500 2. Dividends declared and paid weres $52,000 3. During the year, equipment was sold for $22,100 cpsh, This equipinent origibally cost $46,800 and tuad accumula depreciation of $24,700 at the time of sale, 4. Bonds were redeemed at their catrying yalue 5. Common stock was issued at par for cash Step by Step Solution
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