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Following are selected balance sheet accounts of Whispering Bros. Corp. at December 3 1 , 2 0 2 5 and 2 0 2 4 ,
Following are selected balance sheet accounts of Whispering Bros. Corp. at December and and the increases or Selected income statement information for the year ended December :
Additional information:
During equipment costing $ was sold for cash.
Accounts receivable relate to sales of merchandise.
During $ of bonds payable were issued in exchange for property, plant, and equipment. There was no
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. During equipment costing $ was sold for cash.
Accounts receivable relate to sales of merchandise.
During $ of bonds payable were issued in exchange for property, plant, and equipment. There was no
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 paid.
d Redemption of bonds payable.
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decreases in each account from to Also presented is selected income statement information for the year ended December
and additional information.
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