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Exercise 23-10 Following are selected balance sheet accounts of Coronado Bros. Corp. at December 31, 2017 and 2016 and the increases or decreases in each

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Exercise 23-10 Following are selected balance sheet accounts of Coronado Bros. Corp. at December 31, 2017 and 2016 and the increases or decreases in each account from 2016 to 2017. Also presented is selected Income statement information for the year ended December 31, 2017, and additional information Selected balance sheet accounts 2017 Accounts receivable Property, plant and equipment Accumulated depreciation plantas $33,800 275,000 (177,000) 2016 $23.800 247,600 (167,200 (Decrease) $10.000 28.400 (9,800 2017 $2,900 abilities and stockholders equity Bonds payable Dividends payable Common stock, si par Additional paid in capital Retained earnings 2.800 $ 49,000 7,900 22.000 9.100 104,100 $46.100 5,100 19,200 1,000 0,100 Selected income statement information for the year anded December 31, 2017 Sales revenue $153.600 Depreciation 37.800 Gain on sale of equipment 14.400 Not income 31,200 CALCULATOR Additional information: 1. During 2017, equipment costing $44,700 was sold for cash 2. Accounts receivable relate to sales of merchandise. 3. During 2017, $20,000 of bonds payable were issued in exchange for property, plant, and equipment. There was n amortization of bond discount or premium. Determine the category (operating, Investing, or financing) and the amount that should be reported in the statement of cash flows for the following items. Activity (a) Payments for purchase of property, plant, and equipment. (b) Proceeds from the sale of equipment. (c) Cash dividends pald, (d) Redemption of bonds payable LINK TO TEXT LINK TO TEXT

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