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just need those two correct, thanks! Weaver Company Income Statement For the Year Ended December 31, 2014 During 2014, Weaver sold some equipment for $19
just need those two correct, thanks!
Weaver Company Income Statement For the Year Ended December 31, 2014 During 2014, Weaver sold some equipment for $19 that had cost $30 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $12 that had cost $6 when purchased several years ago. A cash dividend was paid during 2014 and the company repurchased $37 of its own stock. Weaver did not retire any bonds during 2014. Required: Using the indirect method, determine the net cash for operating activities for 2014. (Negative amount should be entered with a minus sign.) Using the information in (1) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for 2014. (List any deduction in cash and cash outflows as negative amounts.) Operating activities: Adjustments to convert net income to cash basisStep by Step Solution
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