chapter 15 question 4

Required information [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Vuring this year, Weaver sold some equipment ior $U that had cost $4U 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. 2. Using the information from Part 1, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows or this year. (List any deduction in cash and cash outflows as negotive omounts.) 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. Using the information from Part 1, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows or this year. (List any deduction in cosh and cosh outflows os negotive amounts.)