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For Raiding Broncos, Inc. (RBI), prepare a statement of cash flows for the year ended December 31, 2013. ht Carmel Rent RENAULT Les Tom Total
For Raiding Broncos, Inc. ("RBI"), prepare a statement of cash flows for the year ended December 31, 2013. ht Carmel Rent RENAULT Les Tom Total Telew TOTAL ASSETS 1.50 LIABILITIES frameRes De bed 125.00 4 TOTAL LIABILITIES Com TOTAL SERRALHES EAUTY 1015 1.11 13 1.723.00 MOTORI INFORMATION 1 RBI had a net income of $400,000 for the year ended December 31, 2013. 2 On May 31, 2013, equipment costing $100,000 that had accumulated depreciation of $50,000 was sold for $70,000 cash. 3 On Decmeber 20, 2013, RBI sold shares of common stock for $300,000 cash. 4 RBI's depreciation expense for the year was $100,000 On December 30, 2013, RBI issued bonds with a face value of $500,000 and a stated interest rate of 5% for a $25,000 discount yielding proceeds of $475,000 On December 10, 2013, RBI declared a dividend of $200,000 to its common shareholders. The date of record for the dividend was December 20, 2013 and the date that the dividend was paid on December 30, 2013
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