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Comnarative financial statements for Weaver Companv follow: During this year, Weaver sold some equipment for $19 that had cost $30 and on which there was

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Comnarative financial statements for Weaver Companv follow: During this year, Weaver sold some equipment for $19 that had cost $30 and on which there was accumulate depreciation of $10. In addition, the company sold long-term investments for $12 that had cost $7 when purch years ago. Weaver paid a cash dividend this year and the company repurchased $39 of its own stock. This ye did not retire any bonds. Problem 13-7 Part 1 (Algo) Required: 1. Using the indirect method, determine the net cash provided by/used in operating activities for this year. (List any and cash outflows as negative amounts.) During this year, Weaver sold some equipment for $19 that had cost $30 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $12 that had cost $7 when purchasec years ago. Weaver paid a cash dividend this year and the company repurchased $39 of its own stock. This year W did not retire any bonds. Problem 13-7 Part 2 (Algo) 2. Using the information from Part 1, along with an analysis of the remaining balance sheet accounts, prepare a statemen for this year. (List any deduction in cash and cash outflows as negative amounts.)

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