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help thank you! During this year, Weaver sold some equipment for $20 that had cost $40 and on which there was accumula depreciation of $16.

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During this year, Weaver sold some equipment for $20 that had cost $40 and on which there was accumula depreciation of $16. In addition, the company sold long-term investments for $10 that had cost $3 when purc years ago. Weaver paid a cash dividend and repurchased $40 of its own stock but did not retire any bonds. Required: 1. Using the indirect method, determine the net cash provided by (used in) operating activities for this year. Note: Cash outflows and amounts to be deducted should be indicated with a minus sign. Required information [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: 2. Prepare a statement of cash flows for this year. Note: Cash outflows and amounts to be deducted should be indicated with a minus sign. During this year. Weaver sold some equipment for $20 that had cost $40 and on which there was accumulated depreciation of $16. In addition, the company sold long-term investments for $10 that had cost $3 when purchased several years ago. Weaver paid a cash dividend and repurchased $40 of its own stock but did not retire any bonds. Required: Using the indirect method, determine the net cash provided by (used in) operating activities for this year. Note: Cash outflows and amounts to be deducted should be indicated with a minus sign

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