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Condensed financial data of Waterway Industries follow. Condensed financial data of Waterway Industries follow. Waterway Industries follow. Additional information: New plant assets costing exist142,000 were
Condensed financial data of Waterway Industries follow.
Condensed financial data of Waterway Industries follow. Waterway Industries follow. Additional information: New plant assets costing exist142,000 were purchased for cash during the year. Old plant assets having an original cost of exist81, 650 and accumulated depreciation of exist68, 870 were sold for exist2, 130 cash. Bonds payable matured and were paid off at face value for cash. A cash dividend of exist36, 962 was declared and paid during the year. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign e.g.15,000 or in parenthesis e.g. (15,000).)Step by Step Solution
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