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how do i balance the rest of the T accounts and finish filling out the cash generated from operations and cash T accounts National Intercable
how do i balance the rest of the T accounts and finish filling out the cash generated from operations and cash T accounts
National Intercable Company Income Statement For the Year Ended December 31, 2022 Additional information: 1. National had income from the investment in a subsidiary on the equity method of $6. 2. A long term investment for $30 was sold for $35. 3. A building that originally cost $60 with accumulated depreciation of $15 was destroyed by fire. The undamaged portion was sold for $3 in cash. 4. The company acquired a new building that cost $80 by signing a long-term note for $80, 5. $127 of the bonds were paid off in cash at maturity at face value. 6. Common stock with a total par value of $20 was sold for $30 in cash. 7. $50 of preferred stock was sold at par for cash. 8. A cash dividend was declared and paid in the amount of $30. Instructions: Prepare a statement of cash flows based on the indirect method. You must show all of your work to receive any credit. Use the attached blank forms for your work. Cash Generated From Operations Cash 14 Sources of Cash Uses of Cash Cash From Operations Investing Activities Investing Activities Financing Activities Financing Activities Notes: Separate Disclosures National Intercable Company Income Statement For the Year Ended December 31, 2022 Additional information: 1. National had income from the investment in a subsidiary on the equity method of $6. 2. A long term investment for $30 was sold for $35. 3. A building that originally cost $60 with accumulated depreciation of $15 was destroyed by fire. The undamaged portion was sold for $3 in cash. 4. The company acquired a new building that cost $80 by signing a long-term note for $80, 5. $127 of the bonds were paid off in cash at maturity at face value. 6. Common stock with a total par value of $20 was sold for $30 in cash. 7. $50 of preferred stock was sold at par for cash. 8. A cash dividend was declared and paid in the amount of $30. Instructions: Prepare a statement of cash flows based on the indirect method. You must show all of your work to receive any credit. Use the attached blank forms for your work. Cash Generated From Operations Cash 14 Sources of Cash Uses of Cash Cash From Operations Investing Activities Investing Activities Financing Activities Financing Activities Notes: Separate Disclosures Step by Step Solution
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