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Dear expert, Can I have the answers? Use the following excerpts from Yardley Company's financial information. Additional Information: Plant assets were sold for $40,000; book
Dear expert,
Can I have the answers?
Use the following excerpts from Yardley Company's financial information. Additional Information: Plant assets were sold for $40,000; book value $16,500. Dividends of $25,000 were declared and paid. Prepare a statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Inventory Accounts Payable Accrued Liabilities Net Cash Flow from Operating Activities Cash Flow from Investing Activities: Proceeds from Sale of Plant Assets $40,000 Net Cash Flow from Investing Activities Cash Flow from Financing Activities: Dividends Paid $25,000 Net Cash Flow from Financing Activities Total Cash Flow Increase $Step by Step Solution
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