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help me out I have 20mins 2. Moving to another question will save this response. Question 2 Additional information: 1. New plant assets costing $50,000
help me out I have 20mins
2. Moving to another question will save this response. Question 2 Additional information: 1. New plant assets costing $50,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $28,750 and accumulated depreciation of $24,250 were sold for $750 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $13,015 was declared and paid during the year. 5. Common stock was issued at par for cash. 6. There were no significant noncash transactions. INSTRUCTIONS: Determine the result produced by the displayed cash flow activity. First state whether the net cash is "provided by" or "used by" the the net cash amount is negative, record it with parentheses as follows: ($555,555). Failure to do so will result in an incorre Example responses: Net cash provided by or used by? Used by. Net cash amount? $555,555Step by Step Solution
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