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During this year, Weaver sold some equipment for $ 1 8 that had cost $ 3 0 and on which there was accumulated depreciation of

During this year, Weaver sold some equipment for $18 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 purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $39 of its own stock. This year Weaver did not retire any bonds.Problem 15-7 Part 1(Algo)esRequired:1. Using the indirect method, determine the net cash provided by/used in operating activities for this year. (List any deduction in cash and cash outflows as negative amounts.)
comparative finangial statements for weaver company follow
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