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HELPPPP!! Problem 21-16 (Algo) Statement of cash flows; indirect method [LO21.4, 21-8] The comparative balance sheets for 2024 and 2023 and the statement of income
HELPPPP!!
Problem 21-16 (Algo) Statement of cash flows; indirect method [LO21.4, 21-8] The comparative balance sheets for 2024 and 2023 and the statement of income for 2024 are given below for Dux Company Addibonal information from Dux's accounting records is provided also Addrional information from the accounting records: Addionat information from the accounting recorch. a A building that orginally cast $112,000, and which was three fourth deprecieted, was sold for $7.000 b. The common stock of Byrd Corporation was purchased for $5.000 as a long term investment e. Property was acquitred by issulng a 13%, sevenyear, $39000 note payoble to the setter. d. New equipment was purchased for $42,000cash o On January 1, 2024, borids were nold at their $34.000 tace value f On January 19 , Dux issued a 5$ stock divdend (1.000 shares). The market price of the $10 par value common stock was $14 per stare at that time 9 Cash dividends of $22,000 were paid to sharehoiders h. On November 12,12,500 shares of common stock were cepurchased as treasury stock at a cost of $8.000 Required: Prepare the statement of cash flows for Dux Company using the inderect anewhod Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands 0 .e., 10,000 should be entered as 10). Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands (it., 10,000 should be entered as 10) Step by Step Solution
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