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Current Attempt in Progress Cullumber Land Company reported $ 5 4 6 , 0 0 0 of net income for 2 0 2 5 .
Current Attempt in Progress
Cullumber Land Company reported $ of net income for The accountant, in preparing the statement of cash flows, noted
several items occurring during that might affect cash flows from operating activities.
Cullumber declared a $ cash dividend. Ten thousand shares of $ par common stock were outstanding at the date of
record.
Cullumber revised its estimate for warranty expense. Before Cullumber's warranty expense was of its net sales. In
this percentage was increased to Net sales for were $ and the accrued warranty expense
increased by $ during
Cullumber sold shares of treasury stock for $ per share. The shares were originally purchased for $ per share.
Depreciation expense is $
Cullumber issued shares of its $ par common stock for a building. The market value of the shares on the date of the
transaction was $ per share.
Cullumber holds of Windy Company's common stock as a longterm investment. Windy Company reported $ of
net income and paid dividends of $ for
Cullumber purchased shares of Microsoft common at $ per share and classified the investment as availableforsale.
The market price increased to $ per share by the end of the year.
Prepare a schedule that shows the net cash flow from operating activities using the indirect method. Assume no items other than
those listed above affected the computation of net cash flow from operating activities. Show amounts that decrease cash flow with
either sign eg or in parenthesis eg
CULLUMBER CO
Statement of Cash Flows Partial
For the Year Ended December
Cash Flows from Operating Activities
Adjustments to reconcile net income to
Increase in Warranty Accrual
$
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