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Condensed financial data of Coronado Inc. follow. Additional information: 1. New plant assets costing $80,500 were purchased for castiduring the year: 2. Old plant assets
Condensed financial data of Coronado Inc. follow. Additional information: 1. New plant assets costing $80,500 were purchased for castiduring the year: 2. Old plant assets having an original cost of $47,000 and accumulated depreciation of $37,000 were sold for $2,500 cash 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $28,700 was declared and paid during the year. 5. Common stock was issued at par for cash 6. There were no significant noncash transactions. Prepare a statement of cash flows using the indirect method, (Show amounts thot decrease cash flow with elther a - sizn es - 15,000 or in porenthesises. (15,000)) CORONADO INC. Statement of Cash Flows Adjustments to reconcile net income to 5
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